Adjudication Order in respect of Gita Devi Jalan 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 Gita Devi Jalan in the matter of trading in Illiquid Stock Options at BSE. The Noticee is liable for violating provisions of Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of PFUTP Regulations, 2003.

The quantum of penalty imposed on the Noticee is ₹ 5,00,000/-. The said 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."