sebi:Order/VV/NK/2021-22/11627
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Facts / Headnote
Violation established; penalty of Rs. 1,05,80,000 imposed under Section 15HA of the SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 2
- Reg. 3(a)
- Reg. 6(1)(c)
Parties
- Xion Gems & Jewellers Pvt. Ltd.
Holding
The Noticee violated Regulations 3(a), (b), (c), (d) and 4(1), 4(2)(a) of the PFUTP Regulations by executing non-genuine reversal trades in illiquid stock options at BSE creating artificial volume, and is liable to a monetary penalty of Rs. 1,05,80,000 under Section 15HA of the SEBI Act.
Full text
Adjudication Order in respect of Xion Gems & Jewellers Pvt. Ltd. in the matter of its dealings in illiquid stock options at BSE limited Page 2 of 42
Adjudication Order in respect of Xion Gems & Jewellers Pvt. Ltd. in the matter of its dealings in illiquid stock options at BSE limited Page 3 of 42
Adjudication Order in respect of Xion Gems & Jewellers Pvt. Ltd. in the matter of its dealings in illiquid stock options at BSE limited Page 4 of 42
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Source: SecMarx — sebi:Order/VV/NK/2021-22/11627. 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.