sebi:Order/VV/AS/2023-24/28817
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Facts / Headnote
Penalty of Rs 5,00,000 imposed under Section 15HA 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
- MITTAL KAUSHIK ADHIA
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 and is liable for monetary penalty under Section 15HA of the SEBI Act, with penalty of Rs 5,00,000 imposed.
Full text
Adjudication Order in respect of MITTAL KAUSHIK ADHIA in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 22
Adjudication Order in respect of MITTAL KAUSHIK ADHIA in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 22
Adjudication Order in respect of MITTAL KAUSHIK ADHIA in the matter of dealings in Illiquid Stock Options on BSE Page 4 of 22
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Source: SecMarx — sebi:Order/VV/AS/2023-24/28817. 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.