sebi:SL/NR/2022-23/24637

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

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Facts / Headnote

Abated - proceedings disposed of with no penalty imposed

Provisions invoked

• s. 15
• s. 19
• s. 15H

Regulations

• Reg. 3(a)
• Reg. 26

Parties

• Late Smt. Pushpa Devi Kedia

Holding

The adjudication proceedings initiated against Late Smt. Pushpa Devi Kedia vide SCN dated November 30, 2021 are disposed of as abated with no penalty imposed.

Full text

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

Adjudication Order in respect of Pushpa Devi Kedia 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 15-I of the Securities and Exchange Board of India Act, 1992 (hereinafter be referred to as, the “SEBI Act”) and Rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter 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/2022-23/24637. 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.