sebi:Order/JS/VC/2025-26/32301
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Facts / Headnote
Violation of PFUTP Regulations found; monetary penalty held imposable under section 15HA of the SEBI Act
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 11(2)
- s. 15H
- s. 15J
- s. 28A
- s. 11B(2)
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
- Reg. 26
Parties
- Mange Lal Agarwal
Holding
The Noticee violated regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing non-genuine reversal trades in illiquid stock options on BSE that created artificial volume and a false or misleading appearance of trading, and is liable to monetary penalty under section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Mange Lal Agarwal in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 20
Adjudication Order in respect of Mange Lal Agarwal in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 20
Adjudication Order in respect of Mange Lal Agarwal in the matter of dealings in Illiquid Stock Options on BSE Page 4 of 20
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Source: SecMarx — sebi:Order/JS/VC/2025-26/32301. 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.