sebi:Order/RJ/VS/2021-22/14166
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Facts / Headnote
Violation established; monetary penalty imposed
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15I
- s. 15J
- s. 28A
- s. 15I(1)
Regulations
- Reg. 4
- Reg. 3
- Reg. 2(1)(c)
- Reg. 3(a)
Parties
- Surabhi Timber Pvt Ltd
Holding
The Adjudicating Officer held that Surabhi Timber Pvt Ltd violated Regulations 3(a), 3(b), 3(c), 3(d), 4(1) and 4(2)(a) of the PFUTP Regulations by executing non-genuine reversal trades in illiquid BSE stock options and imposed a penalty of Rs 5,00,000 under Section 15HA of the SEBI Act, 1992.
Full text
Adjudication Order in respect of Surabhi Timber Pvt. Ltd. Page 2 of 19 indulged in execution of non-genuine trades in Stock Options Segment of BSE during the investigation period.
Adjudication Order in respect of Surabhi Timber Pvt. Ltd. Page 3 of 19 units which is 8.36% of the total volume traded in the said contract in the market during the Investigation Period.
Adjudication Order in respect of Surabhi Timber Pvt. Ltd. Page 4 of 19 inquiry be not held against it in terms of Rule 4 of the Adjudication Rules and
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