sebi:Order/AP/SK/2020-21/10409
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Facts / Headnote
SCN dated August 27, 2018 disposed of pursuant to approved settlement
Provisions invoked
- s. 15H
- s. 15I
Regulations
- Reg. 3(a)
- Reg. 23
- Reg. 201
- Reg. 26
Parties
- ARS Steel & Alloy International Private Limited
Holding
The Adjudicating Officer disposed of the SCN dated August 27, 2018 issued against the Noticee, holding that no further inquiry under Rule 4(3) of the Adjudication Rules was required in view of the approved settlement under the SEBI Settlement Scheme.
Full text
_________________________________________________________________________________________ Adjudication Order in respect of ARS Steel & Alloy International Private Limited in the matter of trading in Illiquid Stock Options at BSE. Page 2 of 3
_________________________________________________________________________________________ Adjudication Order in respect of ARS Steel & Alloy International Private Limited in the matter of trading in Illiquid Stock Options at BSE. Page 3 of 3
3. In view of the above, it was alleged that the Noticee, had created false or misleading appearance of trading in the aforementioned contracts in the Stock Option Segment of BSE. Therefore, the Noticee is alleged to have violated the provisions of Regulation 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the SEBI (Prohibition of Fraudulent and Unfair Trading Practices related to Securities Markets) Regulations, 2003 (hereinafter be referred to as, the “PFUTP Regulations”).
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Source: SecMarx — sebi:Order/AP/SK/2020-21/10409. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.