sebi:Order/CK/HM/2021-22/13335

SEBI · SEBI · 2021-04-30 · Chhavi M Kapoor, Adjudicating Officer

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Facts / Headnote

Abated and disposed of without penalty

Provisions invoked

• s. 15
• s. 15H

Regulations

• Reg. 4(1)

Parties

• Late Mrs. Anta Devi Modi

Holding

The adjudication proceedings against Late Mrs. Anta Devi Modi were abated and disposed of without going into the merits, and no penalty was imposed because the Noticee was deceased.

Full text

Adjudication Order in respect of Anta Devi Modi in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 3 3(a), (b), (c), (d) and regulations 4(1),4(2)(a) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations, 2003”). APPOINTMENT OF ADJUDICATING OFFICER

Adjudication Order in respect of Anta Devi Modi in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 3 “For the purpose of adjudging under sections 15A, 15B, 15C, 15D, 15E, 15EA, 15EB, 15F, 15G,15H, 15HA and 15HB, the Board may appoint any officer not below the rank of a Division Chief to be an adjudicating officer for holding an inquiry in the prescribed manner after giving any person concerned a reasonable opportunity of being heard for the purpose of imposing any penalty”

3. SEBI initiated adjudication proceedings and appointed the undersigned as Adjudicating Officer under section 15-I of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”) read with rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter referred to as “Adjudication Rules”) vide order dated April 30, 2021 to inquire into and adjudge under section 15HA of the SEBI Act against the Noticee for the alleged violation of the aforesaid provisions of PFUTP Regulations, 2003. SHOW CAUSE NOTICE, REPLY AND HEARING

Source: SecMarx — sebi:Order/CK/HM/2021-22/13335. 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.