sebi:Order/SM/DD/2023-24/27866
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Facts / Headnote
Violation established; penalty of Rs. 5,00,000 imposed 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
- G.R. Industries and Finance Ltd.
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 a monetary penalty of Rs.5,00,000 under Section 15HA of the SEBI Act was imposed.
Full text
Adjudication Order in respect of G.R. Industries and Finance Ltd. in the matter of Illiquid Stock Options at BSE. Page 2 of 15
Adjudication Order in respect of G.R. Industries and Finance Ltd. in the matter of Illiquid Stock Options at BSE. Page 3 of 15
Adjudication Order in respect of G.R. Industries and Finance Ltd. in the matter of Illiquid Stock Options at BSE. Page 4 of 15
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Source: SecMarx — sebi:Order/SM/DD/2023-24/27866. 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.