sebi:Order/BM/DS/2023-24/27484
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Facts / Headnote
abated
Provisions invoked
- s. 15
- s. 19
- s. 15H
Regulations
- Reg. 3(a)
- Reg. 26
Parties
- Late Atul Tanna
Holding
The adjudication proceedings against the Noticee, Late Atul Tanna, abate on account of his death on May 03, 2021, and the SCN dated April 05, 2022 is disposed of accordingly without going into the merits.
Full text
Adjudication Order in respect of Late Atul Tanna in the matter of trading in Illiquid Stock Options at BSE Page 2 of 4 and therefore were alleged to be manipulative, deceptive in nature. In view of the same, SEBI initiated adjudication proceedings against the Noticee for violation of the provisions of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations, 2003”).
Adjudication Order in respect of Late Atul Tanna in the matter of trading in Illiquid Stock Options at BSE Page 3 of 4 Stock Options and in case, Noticee do not wish to avail of the facility under the SEBI Settlement Scheme, 2022, Noticee was advised to file a reply to the SCN within 30 days of the receipt of the SCN.
Adjudication Order in respect of Late Atul Tanna in the matter of trading in Illiquid Stock Options at BSE Page 4 of 4 9. In terms of rule 6 of the Adjudication Rules, 1995, copy of this order is sent to the Noticee’s last known address and also to SEBI.
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Source: SecMarx — sebi:Order/BM/DS/2023-24/27484. 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.