sebi:Order/VV/AS/2021-22/13724
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Facts / Headnote
Abated and disposed of without going into merits; no penalty imposed
Provisions invoked
- s. 15H
- s. 15I
Regulations
- Reg. 3(a)
Parties
- Shiv Dayal Gupta
Holding
The adjudication proceedings against Shiv Dayal Gupta were abated without going into the merits and the SCN dated September 21, 2021 was disposed of accordingly. Consequently, no penalty was imposed on the deceased Noticee.
Full text
Page 2 of 3 4. Pursuant to investigation, it was observed that during the I.P., total 2,91,744 trades comprising substantial 81.40% of all the trades executed in Stock Options Segment of BSE were non genuine trades.
Page 3 of 3 therefore, of the opinion that matter does not deserve further inquiry under Rule 4(3) of the Adjudication Rules qua this Noticee and therefore, I proceed to dispose of this matter accordingly.
5. It is noted that the Shiv Dayal Gupta (hereinafter referred to as “Noticee”) was one of the various entities who indulged in execution of non-genuine trades in Stock Options Segment of BSE during the I.P.
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Source: SecMarx — sebi:Order/VV/AS/2021-22/13724. 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.