sebi:SL/NR/2021-22/15796

SEBI · SEBI · 2021-07-02 · Siddhesh Lotlikar, Adjudicating Officer

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

abated

Provisions invoked

• s. 19
• s. 15H
• s. 15I

Regulations

• Reg. 3(a)

Parties

• Pushpa Devi Gupta

Holding

The adjudication proceedings initiated against Late Smt. Pushpa Devi Gupta vide SCN dated November 30, 2021 are abated and disposed of without going into the merits, and no penalty is imposed as the Noticee died on June 8, 2018.

Full text

Adjudication Order in respect of Pushpa Devi Gupta in the matter of dealings in Illiquid Stock Options at BSE Page 2 of 3

Adjudication Order in respect of Pushpa Devi Gupta in the matter of dealings in Illiquid Stock Options at BSE Page 3 of 3

APPOINTMENT OF ADJUDICATING OFFICER 3. SEBI initiated adjudication proceedings and appointed the undersigned as the Adjudicating Officer vide order dated July 2, 2021 under Section 19 read with Sub- section (1) of Section 15I of the SEBI Act and Rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter be referred to as, the “SEBI Adjudication Rules”) to inquire into and adjudge under Section 15HA of the SEBI Act, against the Noticee for the alleged violations of the aforesaid provisions of SEBI (PFUTP) Regulations. The appointment of the AO was communicated vide order dated July 6, 2021.

Source: SecMarx — sebi:SL/NR/2021-22/15796. 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.