sebi:Order/GR/BM/2022-23/16209
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations, 2003
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
Parties
- GOVIND PODDAR HUF
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing 14 non-genuine reversal trades in 4 stock options contracts that created artificial volume of 5,74,000 units, and a penalty of Rs 5,00,000 was imposed under section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of GOVIND PODDAR HUF in the matter of dealings in Illiquid Stock Options at the BSE Page 2 of 24
Adjudication Order in respect of GOVIND PODDAR HUF in the matter of dealings in Illiquid Stock Options at the BSE Page 3 of 24
Adjudication Order in respect of GOVIND PODDAR HUF in the matter of dealings in Illiquid Stock Options at the BSE Page 4 of 24
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/GR/BM/2022-23/16209. 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.