SEBI abates case against Anju Rani over illiquid stock options trade
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 options 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 held that the proceedings abate upon the death of the noticee, citing the legal maxim 'actio personalis moritur cum persona' (personal action dies with the death of the person).
- The Show Cause Notice dated August 31, 2021, was disposed of without going into the merits of the case.
- No penalty was imposed due to the abatement of the proceedings.
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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 | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |