sebi:QJA/SS/MRD/MRD-SEC-1/31485/2025-26
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Provisions invoked
- s. 11
- s. 19
- s. 11(1)
- s. 11B
- s. 12A
- s. 15H
- s. 15I
- s. 15G
- s. 15J
- s. 15
- s. 15F
- s. 28A
- s. 15I(2)
- s. 2(1)
- s. 23J
- s. 21
- s. 23H
- s. 49
- s. 11B(2)
- s. 12A(2)
Regulations
- Reg. 3
- Reg. 3(1)
- Reg. 8
- Reg. 2(1)(g)
- Reg. 3(3)
- Reg. 49
- Reg. 39(3)
- Reg. 2(n)
- Reg. 49(2)(b)
Parties
- Bombay Stock Exchange Limited
Holding
The charge of violation of regulation 3 of the PIT Regulations against BSE was not made out, as the SCN was vague and lacked direct or clinching evidence of communication of UPSI. The order also addresses the scope of 'business' under section 23GA of the SCRA and the inappropriateness of invoking overlapping penalty provisions for the same non-compliance.
Full text
Order in the matter of Bombay Stock Exchange Limited _____________________________________________________________________________________
Order in the matter of Bombay Stock Exchange Limited _____________________________________________________________________________________
Order in the matter of Bombay Stock Exchange Limited _____________________________________________________________________________________
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Source: SecMarx — sebi:QJA/SS/MRD/MRD-SEC-1/31485/2025-26. 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.