sebi:Order/JS/DJ/2019-20/3024
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15F
- s. 15I(1)
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 200
- Reg. 3(a)
- Reg. 4(2)(a)
Parties
- Calendula Teledata Pvt Ltd
Holding
The Noticee's dealings in 20 illiquid stock option contracts at BSE, comprising 66 reversal trades generating 48,12,8000 units of artificial volume, violated Regulations 3(a), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003. The Noticee's defenses regarding lack of broker guidance and absence of deliberate intent were rejected.
Full text
Adjudication Order in resp. of Calendula Teledata Pvt Ltd in the matter of dealing in illiquid Stock Options at BSE ||Page 2 of 15
Adjudication Order in resp. of Calendula Teledata Pvt Ltd in the matter of dealing in illiquid Stock Options at BSE ||Page 3 of 15
Adjudication Order in resp. of Calendula Teledata Pvt Ltd in the matter of dealing in illiquid Stock Options at BSE ||Page 4 of 15
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Source: SecMarx — sebi:Order/JS/DJ/2019-20/3024. 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.