sebi:Order/PM/NS/2022-23/16078
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on Noticee for violation of PFUTP Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 3(a)
- Reg. 2(1)(c)(2)
- Reg. 2(1)(c)(7)
- Reg. 2(1)(c)(8)
Parties
- Rexon Strips Limited
Holding
The Noticee, Rexon Strips Limited, was found to have violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the SEBI (PFUTP) Regulations, 2003 by executing non-genuine reversal trades in illiquid stock options contracts at BSE, and a penalty of ₹5,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
________________________________________________________________________ Adjudication Order in respect of Rexon Strips Limited in the matter of dealings in Illiquid Stock Options at BSE
________________________________________________________________________ Adjudication Order in respect of Rexon Strips Limited in the matter of dealings in Illiquid Stock Options at BSE
________________________________________________________________________ Adjudication Order in respect of Rexon Strips Limited in the matter of dealings in Illiquid Stock Options at BSE
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Source: SecMarx — sebi:Order/PM/NS/2022-23/16078. 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.