sebi:Order/GR/RK/2021-22/15667
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Facts / Headnote
Penalty of Rs 5,00,000 imposed under Section 15HA of SEBI Act for violation of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations, 2003
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 12A
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
Parties
- Darshna Devi
Holding
The Noticee executed 4 non-genuine reversal trades in 2 illiquid stock option contracts creating artificial volume of 1,50,000 units, thereby violating Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations, 2003, and is liable to monetary penalty of Rs 5,00,000 under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Darshna Devi in the matter of dealings in Illiquid Stock Options at the BSE Page 2 of 26
Adjudication Order in respect of Darshna Devi in the matter of dealings in Illiquid Stock Options at the BSE Page 3 of 26
Adjudication Order in respect of Darshna Devi in the matter of dealings in Illiquid Stock Options at the BSE Page 4 of 26
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Source: SecMarx — sebi:Order/GR/RK/2021-22/15667. 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.