sebi:Order/VV/DD/2023-24/28591
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Facts / Headnote
Noticee held liable and penalty of Rs.5,00,000 imposed
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
- Appu Marketing and Manufacturing Ltd. (Now known as Ejecta Marketing Limited)
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 on BSE and is liable to monetary penalty of Rs.5,00,000 under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Appu Marketing and Manufacturing Ltd. (Now known as Ejecta Marketing Limited) in the matter of dealings in Illiquid Stock Options on BSE
Adjudication Order in respect of Appu Marketing and Manufacturing Ltd. (Now known as Ejecta Marketing Limited) in the matter of dealings in Illiquid Stock Options on BSE
Adjudication Order in respect of Appu Marketing and Manufacturing Ltd. (Now known as Ejecta Marketing Limited) in the matter of dealings in Illiquid Stock Options on BSE
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Source: SecMarx — sebi:Order/VV/DD/2023-24/28591. 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.