Adjudication order abated after Ms. Anju Rani's death in stock options case
This order addresses an adjudication proceeding against Ms. Anju Rani for alleged manipulative trading in illiquid stock options on the BSE. The proceedings were abated (terminated) without a decision on the merits because the noticee passed away during the pendency of the case.
Ms. Anju Rani (PAN: AJCPR9744F)
- SEBI alleged that the noticee executed 2 non-genuine reversal trades in 1 stock option contract, creating an artificial volume of 20,000 units.
- The alleged violations were under 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 Adjudicating Officer determined that the proceedings abate due to the death of the noticee, citing the legal principle that personal actions die with the person.
- The Show Cause Notice dated August 31, 2021, is disposed of accordingly.
- No penalty was imposed as the case was not decided on merit.
Written from the document by AI, and checked against it. The original below is authoritative.
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Document details
| Official title | Adjudication Order in respect of Late Ms. Anju Rani in the matter of dealings in Illiquid Stock Options at BSE |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/MS/KS/2026-27/32482 |
| Status | None (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |