sebi:Order/MS/NS/2021-22/15465
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Facts / Headnote
Adjudication proceedings disposed of without penalty; violation not established, benefit of doubt given to Noticee
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15I
- s. 15I(1)
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
Parties
- Santosh Bihani
Holding
The Adjudicating Officer disposed of the adjudication proceedings initiated vide SCN dated August 11, 2021 against Santosh Bihani, holding that violation of Regulations 3(a), (b), (c), (d) and 4(1) and 4(2)(a) of the PFUTP Regulations was not established and imposing no penalty.
Full text
Adjudication Order in respect of Santosh Bihani in the matter of trading in Illiquid Stock Options at BSE Ltd Page 2 of 12
Adjudication Order in respect of Santosh Bihani in the matter of trading in Illiquid Stock Options at BSE Ltd Page 3 of 12
Adjudication Order in respect of Santosh Bihani in the matter of trading in Illiquid Stock Options at BSE Ltd Page 4 of 12
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Source: SecMarx — sebi:Order/MS/NS/2021-22/15465. 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.