sebi:Order/SM/DD/2023-24/27835
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs.5,00,000 imposed on the Noticee under Section 15HA of the SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 28A
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 2(1)
- Reg. 4(2)
- Reg. 3(a)
- Reg. 26
- Reg. 2(1)(c)(8)
Parties
- Multiwyn Commercial Private Limited
Holding
The Noticee 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 is liable to a monetary penalty of Rs.5,00,000 under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Multiwyn Commercial Private Limited in the matter of Illiquid Stock Options at BSE. Page 2 of 17
Adjudication Order in respect of Multiwyn Commercial Private Limited in the matter of Illiquid Stock Options at BSE. Page 3 of 17
Adjudication Order in respect of Multiwyn Commercial Private Limited in the matter of Illiquid Stock Options at BSE. Page 4 of 17
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Source: SecMarx — sebi:Order/SM/DD/2023-24/27835. 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.