Adjudication Order in respect of Bandana Sinha in the matter of trading in Illiquid Stock Options at BSE

On "21/10/2024", the "Securities and Exchange Board of India" issued an update regarding "Adjudication Order in respect of Bandana Sinha in the matter of trading in Illiquid Stock Options at BSE". The Noticee, Bandana Sinha, has been found guilty of violating provisions of Regulations 3(a), (b), (c), (d), and Regulation 4(1) & 4(2)(a) of PFUTP Regulations, 2003.

The Noticee is liable to pay a penalty of Rs. 5,00,000 /- (Rupees Five Lakhs only). The penalty is commensurate with the lapse/omission on the part of the Noticee. The Noticee shall remit / pay the said amount of penalty within 45 days of receipt of this order either through online payment facility available on the website of SEBI, i.e. www.sebi.gov.in.