sebi:Order/VV/DD/2023-24/28590

SEBI · SEBI · 2018-04-05 · Vijayant Kumar Verma, Adjudicating Officer

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

Penalty imposed on Noticee for violation of PFUTP Regulations

Provisions invoked

s. 15
s. 15H
s. 15J
s. 28A

Regulations relied on

SEBI (PFUTP) Regulations, 2003 — 3(a)

Parties

Shridip Corporation

Holding

The Adjudicating Officer held that Shridip Corporation 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 contracts on BSE, and imposed a penalty of Rs. 5,00,000 under Section 15HA of the SEBI Act.

Full text

Adjudication Order in respect of Shridip Corporation in the matter of dealings in Illiquid Stock Options on BSE Page 2 of 17

Adjudication Order in respect of Shridip Corporation in the matter of dealings in Illiquid Stock Options on BSE Page 3 of 17

Adjudication Order in respect of Shridip Corporation in the matter of dealings in Illiquid Stock Options on BSE Page 4 of 17

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Source: SecMarx — sebi:Order/VV/DD/2023-24/28590. 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.