sebi:Order/NS/AK/2022-23/15819
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Facts / Headnote
Violation established; monetary penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 3
- Reg. 3(a)
Parties
- Ms. Pranita Kayan (Pranita Kanoria) [PAN: AULPK6465A]
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing non-genuine reversal trades in contract DISH15APR60.00CEW1 that created artificial volume of 1,12,000 units. A monetary penalty of Rs. 5,00,000 under Section 15HA of the SEBI Act, 1992 was imposed on the Noticee.
Full text
Adjudication Order in respect of Ms. Pranita Kayan, [Pan: AULPK6465A] (Pranita Kanoria) in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 15
Adjudication Order in respect of Ms. Pranita Kayan, [Pan: AULPK6465A] (Pranita Kanoria) in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 15 generation of alleged artificial volume of 1,12,000 units. These trades of the Noticee involved reversal with the same counterparty on the same day, but at different prices. …
Adjudication Order in respect of Ms. Pranita Kayan, [Pan: AULPK6465A] (Pranita Kanoria) in the matter of dealings in Illiquid Stock Options on BSE Page 4 of 15
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Source: SecMarx — sebi:Order/NS/AK/2022-23/15819. 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.