sebi:Order/VV/PS/AK/2022-23/25193

SEBI · SEBI · 2022-08-04 · Vijayant Kumar Verma, Adjudicating Officer

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Facts / Headnote

Abated

Provisions invoked

• s. 15
• s. 15H
• s. 15I

Parties

• Pragneshbhai H Shah

Holding

The proceedings against Pragneshbhai H Shah were abated without going into the merits and the SCN dated August 04, 2022 was disposed of accordingly following proof of his death on 10/12/2020.

Full text

Adjudication Order with respect to Pragneshbhai H Shah Page 2 of 2 In the matter of trading in illiquid stock options at BSE

3. In this connection, the undersigned was appointed as Adjudicating Officer under Section 15-I of the Securities and Exchange Board of India Act, 1992 (“SEBI Act”) to inquire into and adjudge under Rule 5 of the Adjudication Rules, the alleged violations by the Noticee and determine whether penalty under Section 15HA of the SEBI Act is liable to be imposed upon the Noticee.

4. Accordingly, in terms of Rule 4(1) of the Adjudication Rules read with Section 15I of the SEBI Act, a notice to show cause dated 04/08/2022 (hereinafter referred to as ‘SCN’) was issued to the Noticee calling upon him to show cause as to why an inquiry should not be held against him in terms of Rule 4 of the Adjudication Rules and penalty be not imposed under Section 15HA of the SEBI Act for the aforesaid alleged violations. The SCN sent to the Notice was duly served upon the Noticee via SPAD/email.

Source: SecMarx — sebi:Order/VV/PS/AK/2022-23/25193. 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.