sebi:Order/BM/DS/2023-24/25699
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation established; penalty of Rs. 5,00,000 imposed under Section 15HA
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 26
Parties
- Raghav Suppliers Private Limited
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations, 2003 by executing 8 non-genuine reversal trades in 3 stock option contracts creating artificial volume of 624,000 units. A monetary penalty of Rs. 5,00,000 under Section 15HA of the SEBI Act, 1992 was imposed on Raghav Suppliers Private Limited.
Full text
Adjudication Order in respect of Raghav Suppliers Private Limited in the matter of trading in Illiquid Stock Options at BSE
Adjudication Order in respect of Raghav Suppliers Private Limited in the matter of trading in Illiquid Stock Options at BSE
Adjudication Order in respect of Raghav Suppliers Private Limited in the matter of trading in Illiquid Stock Options at BSE
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Source: SecMarx — sebi:Order/BM/DS/2023-24/25699. 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.