sebi:Order/SR/SM/2019-20/4167/106
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Facts / Headnote
Violation established; penalty of Rs. 5,00,000 imposed under Section 15HA
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 28A
- s. 15I(2)
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 3(a)
- Reg. 4(2)(a)
- Reg. 2(1)(c)(2)
- Reg. 2(1)(c)(7)
- Reg. 2(1)(c)(8)
Parties
- Shristi Cement Ltd.
Holding
The Noticee violated regulations 3(a), (b), (c) & (d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing 110 non-genuine reversal trades in 21 illiquid stock option contracts at BSE. A monetary penalty of Rs. 5,00,000 under section 15HA of the SEBI Act, 1992 was imposed on Shristi Cement Ltd.
Full text
Adjudication Order in respect of Shristi Cement Ltd. in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 18
Adjudication Order in respect of Shristi Cement Ltd. in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 18
Adjudication Order in respect of Shristi Cement Ltd. in the matter of dealings in Illiquid Stock Options at BSE Page 4 of 18
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Source: SecMarx — sebi:Order/SR/SM/2019-20/4167/106. 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.