sebi:Order/KS/JT/2021-22/13951

SEBI · SEBI · 2021-07-02 · Kranti Sardesai, Adjudicating Officer

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Facts / Headnote

Adjudication proceedings abated; no penalty imposed

Provisions invoked

• s. 15
• s. 15H

Parties

• Mahabir Prasad Agarwal

Holding

The adjudication proceedings initiated against the deceased Noticee, Late Mr. Mahabir Prasad Agarwal, are abated without going into the merits of the case, and no penalty is imposed.

Full text

Adjudication Order in respect of Mahabir Prasad Agarwal in the matter of dealings in Illiquid Stock Options at the BSE Page 2 of 3

Adjudication Order in respect of Mahabir Prasad Agarwal in the matter of dealings in Illiquid Stock Options at the BSE Page 3 of 3

APPOINTMENT OF ADJUDICATING OFFICER 3. SEBI initiated adjudication proceedings and appointed the undersigned as Adjudicating Officer under section 15-I of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”) read with rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter referred to as “Adjudication Rules”) vide order dated July 02, 2021 to inquire into and adjudge under section 15HA of the SEBI Act against the Noticee for the alleged violation of the aforesaid provisions of PFUTP Regulations, 2003.

Source: SecMarx — sebi:Order/KS/JT/2021-22/13951. 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.