sebi:Order/SM/S./2023-24/27834
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Facts / Headnote
Violation established; penalty of Rs.5,00,000 imposed ex parte
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
- Vidyavaridhi Dealtrade Private Limited
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations 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 Vidyavaridhi Dealtrade Private Limited in the matter of Illiquid Stock Options at BSE. Page 2 of 16
Adjudication Order in respect of Vidyavaridhi Dealtrade Private Limited in the matter of Illiquid Stock Options at BSE. Page 3 of 16 Noticee. The aforesaid SCN dated August 10, 2022 was dispatched to the Noticee via SPAD.
Adjudication Order in respect of Vidyavaridhi Dealtrade Private Limited in the matter of Illiquid Stock Options at BSE. Page 4 of 16
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Source: SecMarx — sebi:Order/SM/S./2023-24/27834. 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.