sebi:Order/GR/PU/2023-24/28719
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Facts / Headnote
Ex-parte penalty of Rs. 5,00,000 imposed under Section 15HA of SEBI Act, 1992
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 26
Parties
- Janasahayog Hire Purchase Co. India Pvt. Ltd.
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations, 2003 by executing 12 non-genuine reversal trades in 3 illiquid stock option contracts creating artificial volume of 3,02,000 units, and penalty of Rs. 5,00,000 under Section 15HA of SEBI Act, 1992 was imposed ex-parte.
Full text
Adjudication Order in respect of Janasahayog Hire Purchase Co. India Pvt. Ltd. in the matter of trading in Illiquid Stock Options at BSE Page 2 of 20
Adjudication Order in respect of Janasahayog Hire Purchase Co. India Pvt. Ltd. in the matter of trading in Illiquid Stock Options at BSE Page 3 of 20
Adjudication Order in respect of Janasahayog Hire Purchase Co. India Pvt. Ltd. in the matter of trading in Illiquid Stock Options at BSE Page 4 of 20
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Source: SecMarx — sebi:Order/GR/PU/2023-24/28719. 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.