sebi:Order/AS/RM/2024-25/31221
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Facts / Headnote
Violations established ex-parte; monetary penalty of Rs 5,00,000 imposed under Section 15HA of SEBI Act
Provisions invoked
- s. 15
- s. 19
- s. 11B
- s. 11
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 26
Parties
- Lalita Devi Sureka
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations by executing non-genuine reversal trades in illiquid BSE stock options creating artificial volume, and is liable to Rs 5,00,000 penalty under Section 15HA of SEBI Act.
Full text
Adjudication Order in respect of Lalita Devi Sureka in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 16
Adjudication Order in respect of Lalita Devi Sureka in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 16
Adjudication Order in respect of Lalita Devi Sureka in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 16
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Source: SecMarx — sebi:Order/AS/RM/2024-25/31221. 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.