sebi:Order/SM/DD/2023-24/26036
Facts / Headnote
Penalty imposed on Noticee for violation of PFUTP Regulations, 2003
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 28A
Regulations relied on
- SEBI (PFUTP) Regulations, 2003 — 3(a)
- SEBI (PFUTP) Regulations, 2003 — 4(1)
- SEBI (PFUTP) Regulations, 2003 — 4(2)(a)
Parties
- Union Commodities Private Limited
Holding
The Noticee, Union Commodities Private Limited, was found to have 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 illiquid stock options at BSE, and a penalty of Rs. 5,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Union Commodities Private Limited in the matter of dealings in Illiquid Stock Options at the BSE
Adjudication Order in respect of Union Commodities Private Limited in the matter of dealings in Illiquid Stock Options at the BSE
Adjudication Order in respect of Union Commodities Private Limited in the matter of dealings in Illiquid Stock Options at the BSE
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Source: SecMarx — sebi:Order/SM/DD/2023-24/26036. 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.