sebi:Order/SM/AD/2023-24/27901
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Facts / Headnote
Violation of Sections 12A(c) of SEBI Act read with Regulations 3(d), 4(1) and 4(2)(e) of PFUTP Regulations established against Reliance Strategic Investments Ltd; monetary penalty under Section 15HA of SEBI Act attracted.
Provisions invoked
- s. 15
- s. 19
- s. 12A
- s. 15H
- s. 15I
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 4(a)
- Reg. 3(1)
- Reg. 4(2)(e)
- Reg. 3(d)
- Reg. 2(1)(c)(3)
Parties
- Reliance Strategic Investments Ltd
Holding
The Noticee (Reliance Strategic Investments Ltd) violated Section 12A(c) of the SEBI Act read with Regulations 3(d), 4(1) and 4(2)(e) of the PFUTP Regulations by executing trades in 11400 PE at significant discounts to fair value pursuant to a mutual arrangement with MSF, which was manipulative in nature. The violation attracts monetary penalty under Section 15HA of the SEBI Act.
Full text
Adjudication Order in the matter of box trade activities in lonq dated NIFTY options expirinq on December 28, 2017. Page 2 of 28
Adjudication Order in the matter of box trade activities in lonq dated NIFTY options expirinq on December 28, 2017. Page 3 of 28
Adjudication Order in the matter of box trade activities in lonq dated NIFTY options expirinq on December 28, 2017. Page 4 of 28
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Source: SecMarx — sebi:Order/SM/AD/2023-24/27901. 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.