SEBI finds 2,91,744 non-genuine BSE stock option trades by Bansal Integrated Services

This order addresses allegations that Bansal Integrated Services Private Limited engaged in manipulative trading of illiquid stock options on the BSE to create artificial volume. SEBI disposed of the case without imposing a penalty because the company had been dissolved and struck off the register.

Bansal Integrated Services Private Limited (PAN: AACCB3482E)

• SEBI observed that 2,91,744 trades (81.40% of all stock option trades on BSE during the period) were non-genuine and created artificial volume.
• SEBI alleged violations of Regulations 3(a), (b), (c), (d), 4(1), and 4(2)(a) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003.
• The Noticee did not respond to the Show Cause Notice dated August 03, 2022, nor did it avail of the SEBI Settlement Schemes offered in 2022 or 2024.
• SEBI noted that the company was struck off and dissolved under the Companies Act, 2013.
• The Adjudicating Officer discharged the Show Cause Notice and disposed of the proceedings without imposing any penalty, citing that the company no longer exists.
• SEBI stated that if the company is revived or restored, proceedings may be initiated afresh.

Written from the document by AI, and checked against it. The original below is authoritative.

The original document