sebi:Order/VV/AS/2023-24/28377
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Facts / Headnote
Penalty of Rs. 5,00,000 imposed on Noticee under Section 15HA of SEBI Act for violation of PFUTP Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(2)
- Reg. 3(a)
- Reg. 26
- Reg. 2(1)(c)(2)
- Reg. 2(1)(c)(7)
- Reg. 2(1)(c)(8)
Parties
- Skyrail Logistics 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 BSE stock options and is liable to a monetary penalty of Rs. 5,00,000 under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Skyrail Logistics Private Limited in the matter of dealings in Illiquid Stock Options on BSE
Adjudication Order in respect of Skyrail Logistics Private Limited in the matter of dealings in Illiquid Stock Options on BSE
Adjudication Order in respect of Skyrail Logistics Private Limited in the matter of dealings in Illiquid Stock Options on BSE
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Source: SecMarx — sebi:Order/VV/AS/2023-24/28377. 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.