sebi:Order/PM/NS/2022-23/16008
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Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 3(a)
- Reg. 4(2)(a)
- Reg. 2(1)(c)(2)
- Reg. 2(1)(c)(7)
- Reg. 2(1)(c)(8)
Parties
- Ridhi's Hi-Fashion Pvt. Ltd.
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the SEBI (PFUTP) Regulations, 2003 by indulging in non-genuine reversal trades in illiquid stock options on BSE, and a penalty of ₹5,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Ridhi's Hi-Fashion Pvt. Ltd.in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 14
Adjudication Order in respect of Ridhi's Hi-Fashion Pvt. Ltd.in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 14
Adjudication Order in respect of Ridhi's Hi-Fashion Pvt. Ltd.in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 14
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Source: SecMarx — sebi:Order/PM/NS/2022-23/16008. 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.