sebi:Order/BM/DS/2023-24/25701
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Facts / Headnote
Penalty of Rs 5,00,000 imposed on the Noticee under Section 15HA of the SEBI Act, 1992, ex-parte
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
- Salasar Infraproperties Merchants Private Limited
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations, 2003 by executing non-genuine reversal trades in illiquid stock options at BSE, and is liable to a monetary penalty of Rs 5,00,000 under Section 15HA of the SEBI Act, 1992.
Full text
Adjudication Order in respect of Salasar Infraproperties Merchants Private Limited in the matter of trading in Illiquid Stock Options at BSE
Adjudication Order in respect of Salasar Infraproperties Merchants Private Limited in the matter of trading in Illiquid Stock Options at BSE
Adjudication Order in respect of Salasar Infraproperties Merchants Private Limited in the matter of trading in Illiquid Stock Options at BSE
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Source: SecMarx — sebi:Order/BM/DS/2023-24/25701. 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.