sebi:Order/BS/RG/2023-24/27612
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Facts / Headnote
abated
Provisions invoked
- s. 15
- s. 15H
Regulations
- Reg. 3(a)
Parties
- Mr. Sandip Gupta
Holding
The adjudication proceedings against Noticee Sandip Gupta abate on account of his death on April 30, 2023, and the Show Cause Notice dated August 05, 2022 is disposed of without going into the merits of the case qua him.
Full text
In the matter of dealings in Illiquid Stock Options at BSE Page 2 of 4 resulted in creation of artificial volume to the tune of 826.21 crore units or 54.68% of the total market volume in Stock Options segment of BSE during the IP.
In the matter of dealings in Illiquid Stock Options at BSE Page 3 of 4 APPOINTMENT OF ADJUDICATING OFFICER 5. Vide an order of the Competent Authority, SEBI, dated September 27, 2021, Smt. S. Jayamanju was appointed as the Adjudicating Officer under Section 15-I of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”) read with Rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as “Adjudication Rules”) to inquire and adjudge under section 15HA of SEBI Act. Subsequently, vide communique dated April 24, 2023, the undersigned has been appointed as the Adjudicating Officer.
In the matter of dealings in Illiquid Stock Options at BSE Page 4 of 4 to the SEBI’s email on the same day and submitted the notarised copy of the death certificate.
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Source: SecMarx — sebi:Order/BS/RG/2023-24/27612. 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.