sebi:Order/AS/RM/2025-26/31367-31368
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Facts / Headnote
Penalty imposed on Noticees
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 19
- s. 15H
- s. 27
- s. 15J
- s. 15F
- s. 28A
- s. 27(1)
- s. 248(7)
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 26
Parties
- Rahul Khandelwal
- Subhasish Roy
Holding
The Adjudicating Officer imposed a monetary penalty of ₹5,00,000 jointly and severally on Rahul Khandelwal and Subhasish Roy, as directors of Getrise Infotech Private Limited, for violating Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing non-genuine reversal trades in the stock options segment of BSE.
Full text
Adjudication Order in respect of Rahul Khandelwal & Subhasish Roy in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 26
Adjudication Order in respect of Rahul Khandelwal & Subhasish Roy in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 26
Adjudication Order in respect of Rahul Khandelwal & Subhasish Roy in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 26
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Source: SecMarx — sebi:Order/AS/RM/2025-26/31367-31368. 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.