sebi:Order/SM/KH/2023-24/27859

SEBI · SEBI · 2022-07-27 · Soma Majumder, Adjudicating Officer

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

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 relied on

SEBI (PFUTP) Regulations, 2003 — 3(a)
SEBI (PFUTP) Regulations, 2003 — 4(1)
SEBI (PFUTP) Regulations, 2003 — 4(2)(a)

Parties

Mukund International 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. A monetary penalty of Rs.5,00,000 was imposed under Section 15HA of the SEBI Act.

Full text

Adjudication Order in respect of Mukund International Private Limited in the matter of Illiquid Stock Options at BSE. Page 2 of 16

Adjudication Order in respect of Mukund International Private Limited in the matter of Illiquid Stock Options at BSE. Page 3 of 16 violations of Regulations 3(a), (b), (c), (d), 4(1), and 4(2)(a) of the PFUTP Regulations, 2003 by Noticee.

Adjudication Order in respect of Mukund International Private Limited in the matter of Illiquid Stock Options at BSE. Page 4 of 16

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Source: SecMarx — sebi:Order/SM/KH/2023-24/27859. 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.