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Brief
On November 27, 2024, the Securities and Exchange Board of India issued an update regarding Adjudication Order in respect of Raghunath Prasad Maheshwari HUF in the matter of trading in Illiquid Stock Options at BSE. The Noticee, Raghunath Prasad Maheshwari HUF, was found to have executed non-genuine trades resulting in artificial volume creation, thereby violating PFUTP Regulations, 2003.
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