sebi:Order/AS/VC/2025-26/31365-31366
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Facts / Headnote
Violation established; monetary penalty of ₹5,00,000 imposed jointly and severally on the Noticees under Section 15HA of the SEBI Act.
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
- Binit Agarwal
- Manas Taru Roy
Holding
The Noticees, being directors of Sanyukta Dealers Pvt. Ltd., were held vicariously liable for the company's non-genuine reversal trades in illiquid stock options at BSE, in violation of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, and a penalty of ₹5,00,000 was imposed jointly and severally under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Binit Agarwal and Manas Taru Roy in the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect of Binit Agarwal and Manas Taru Roy in the matter of dealings in Illiquid Stock Options at BSE
Adjudication Order in respect of Binit Agarwal and Manas Taru Roy in the matter of dealings in Illiquid Stock Options at BSE
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