sebi:Order/AS/RM/2024-25/31290
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Facts / Headnote
Proceedings established; monetary penalty of ₹5,00,000 imposed on the Noticee under Section 15HA of the SEBI Act for violation of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations.
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
- Bagdevi Suppliers Private Limited
Holding
The Noticee 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 that created artificial volume, and a monetary penalty of ₹5,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Bagdevi Suppliers Pvt Ltd in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 15
Adjudication Order in respect of Bagdevi Suppliers Pvt Ltd in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 15
Adjudication Order in respect of Bagdevi Suppliers Pvt Ltd in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 15
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Source: SecMarx — sebi:Order/AS/RM/2024-25/31290. 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.