sebi:Order/GG/AS/2022-23/18395
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Facts / Headnote
Abated - SCN disposed of with no penalty
Provisions invoked
- s. 15
- s. 15H
Regulations
- Reg. 4(1)
- Reg. 3(a)
Parties
- Smt Chuma Devi
Holding
The adjudication proceedings initiated against Late Chuma Devi abate on account of her death on May 05, 2021. The SCN dated August 10, 2022 stands disposed of accordingly.
Full text
Adjudication Order in respect of Late Chuma Devi Page 2 of 4 in the matter of dealings in Illiquid Stock Options at BSE 2,91,643 trades, were trades which involved a reversal of buy and sell positions by the clients and counterparties in a contract. The investigation revealed that 14,720 entities were involved in executing non-genuine trades in BSE’s stock options segment during the investigation period.
Adjudication Order in respect of Late Chuma Devi Page 3 of 4 in the matter of dealings in Illiquid Stock Options at BSE (hereinafter referred to as the “SEBI Adjudication Rules”), conveyed vide communication dated November 12, 2021 to inquire into and adjudge under Section 15HA of the SEBI Act, with respect to the allegations against the Noticee.
Adjudication Order in respect of Late Chuma Devi Page 4 of 4 in the matter of dealings in Illiquid Stock Options at BSE 2005, that “The appeal abates since the appellant during the pendency of the
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Source: SecMarx — sebi:Order/GG/AS/2022-23/18395. 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.