sebi:Order/AS/DP/2024-25/31310
Facts / Headnote
Penalty imposed on Noticee for violation of PFUTP Regulations
Provisions invoked
- s. 15
- s. 19
- s. 11B
- s. 11
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations relied on
- SEBI (PFUTP) Regulations, 2003 — 3(a)
- SEBI (PFUTP) Regulations, 2003 — 3(b)
- SEBI (PFUTP) Regulations, 2003 — 3(c)
- SEBI (PFUTP) Regulations, 2003 — 3(d)
- SEBI (PFUTP) Regulations, 2003 — 4(1)
- SEBI (PFUTP) Regulations, 2003 — 4(2)(a)
Parties
- Raj Kumar Nemani and Sons HUF
Holding
The Noticee was found to have violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing non-genuine reversal trades in illiquid stock options at BSE, and a monetary penalty of ₹5,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Raj Kumar Nemani and Sons HUF in the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect of Raj Kumar Nemani and Sons HUF in the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect of Raj Kumar Nemani and Sons HUF in the matter of dealings in Illiquid Stock Options at BSE
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