August 20, 2015
PR No. 211/2015

Interim Order in the matter of Illiquid Stock Options

Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI, passed an ad interim ex -parte order dated August 20, 2015 restraining 59 entities from accessing Indian Securities market on the basis of their suspicious trading in stock options in equity derivative segment.
 
Based on the surveillance alert generated by DWBIS, SEBI's key surveillance system, it was gathered that a set of entities repeatedly and consistently made only trading loss and another set of entities repeatedly and consistently made only trading profit by their trades in Stock options segment.
 
Further scrutiny revealed that the entities making the loss were able to do so by selling stock option to a set of entities at a price much lesser than its intrinsic value and subsequently reversing the trade at a much higher price within a short span of time.
 
The examination, prima facie, shows that the execution of reversal trades at arbitrary/ irrational price by the lossmaking and the profit–making entities is non-genuine and defies basic economic sense with the possible intent of tax evasion or portraying artificial increase in net worth of a private company/individual.

 
Mumbai
 
August 20, 2015

For full copy of order against ADARSH CREDIT CO-OPERATIVE SOCIETY LTD., click here.

For full copy of order against ANAND MINING CORP., click here.

For full copy of order against ANANTNATH VINCOM PVT.LTD., click here.

For full copy of order against ASHOK KUMAR DAMANI, click here.

For full copy of order against AVIJIT SAHA, click here.

For full copy of order against BHARAT JAYANTILAL PATEL, click here.

For full copy of order against BHAWANI FERROUS PVT.LTD., click here.

For full copy of order against DEEPAK NATVARLAL PANKHIYANI (HUF), click here.

For full copy of order against EDEN TRADING SERVICES PVT.LTD., click here.

For full copy of order against EVERGROWING IRON & FINVEST PVT.LTD., click here.

For full copy of order against GAJANAN ENTERPRISES, click here.

For full copy of order against GANDIV INVESTMENT PVT.LTD., click here.

For full copy of order against GCK STOCK PVT.LTD., click here.

For full copy of order against GEE BEE SECURITIES PVT.LTD., click here.

For full copy of order against GURMEET SINGH, click here.

For full copy of order against GYANDEEP KHEMKA, click here.

For full copy of order against J B OVERSEAS, click here.

For full copy of order against JAI ANNANYA INVESTMENTS PVT.LTD., click here.

For full copy of order against JAIDEEP HALWASIYA, click here.

For full copy of order against KETAN RAMANLAL SHAH (HUF), click here.

For full copy of order against KIRTI RAMJI KOTHARI, click here.

For full copy of order against KUNDAN CARE PRODUCTS LTD., click here.

For full copy of order against KUNDAN RICE MILLS LTD., click here.

For full copy of order against MAHAKALESHWAR MINES & METALS PVT.LTD., click here.

For full copy of order against MAMMON CONCAST PVT.LTD., click here.

For full copy of order against MOTISONS COMMODITIES PVT.LTD., click here.

For full copy of order against N M IMPEX PVT.LTD., click here.

For full copy of order against NOUVELLE ADVISORY SERVICES PVT.LTD., click here.

For full copy of order against OM SALES CORP., click here.

For full copy of order against OPEN FUTURES & DERIVATIVES PVT.LTD., click here.

For full copy of order against PANEM STEELS PVT.LTD., click here.

For full copy of order against PASHA FINANCE PVT.LTD., click here.

For full copy of order against PRAGYA COMMODITIES PVT.LTD., click here.

For full copy of order against PRIME GOLD INTERNATIONAL LTD., click here.

For full copy of order against PRIYASHA MEVEN FINANCE LTD., click here.

For full copy of order against PROMPT COMMODITIES LTD., click here.

For full copy of order against QUEST PARTNERS, click here.

For full copy of order against RAGHAV COMMODITIES, click here.

For full copy of order against RAJ RATAN SMELTERS PVT.LTD., click here.

For full copy of order against RAJBANSHI TRADING, click here.

For full copy of order against RASHI COMMERCIAL CO., click here.

For full copy of order against RIDDISIDDHI BULLIONS LTD., click here.

For full copy of order against SAVITRI SONS, click here.

For full copy of order against SHIR COMMODITIES & FUTURES PVT.LTD., click here.

For full copy of order against SKEET COMSEC TRADING LLP, click here.

For full copy of order against SOURABH H.BORA, click here.

For full copy of order against STEEL CRACKERS PVT.LTD., click here.

For full copy of order against SURESHINE VINTRADE PVT.LTD., click here.

For full copy of order against SWARAN FINANCIAL PVT.LTD., click here.

For full copy of order against TRADEBULLS ENTERPRISE PVT.LTD., click here.

For full copy of order against UMANG NEMANI, click here.

For full copy of order against UMESH MALANI, click here.

For full copy of order against VINAY RAMANLAL SHAH (HUF), click here.

For full copy of order against VISION SPONGE IRON PVT.LTD., click here.

For full copy of order against VITRAG RAJENDRAKUMAR SHETH, click here.

For full copy of order against VSP STEEL PVT.LTD., click here.

For full copy of order against VSP UDYOG PVT.LTD., click here.

For full copy of order against WOODLAND RETAILS PVT.LTD., click here.

For full copy of order against XION GEMS & JEWELLERS PVT.LTD., click here.