sebi:AO/BJD/MAS/EAD/67-68/2017
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Facts / Headnote
Adjudication proceedings disposed of without any penalty; allegations against both Noticees not established
Provisions invoked
- s. 15
Regulations
- Reg. 7
- Reg. 4
- Reg. 199
- Reg. 3
- Reg. 3(a)
Parties
- Alfa Fiscal Services Pvt. Ltd. (Noticee 1)
- ANS Pvt. Ltd. (Noticee 2)
Holding
The Adjudicating Officer held that allegations against Noticee 1 (Alfa Fiscal Services Pvt. Ltd.) of violating PFUTP Regulations by self-trades, and against Noticee 2 (ANS Pvt. Ltd.) of violating broker due diligence norms, did not stand established, and the proceedings were disposed of without any penalty.
Full text
Page 2 of 14 was any violation of the provisions of SEBI Act, 1992 and various Rules and Regulations and Guidelines made there under.
Page 3 of 14 consequent to an inter- departmental transfer and postings, the said proceedings were transferred to the undersigned vide order dated May 16, 2017. SHOW CAUSE NOTICE, REPLY AND PERSONAL HEARING
Page 4 of 14 Conduct for stock brokers as specified under Schedule II read with Regulation 7 of SEBI (Stock Brokers and Sub- Brokers) Regulations, 1992. REPLY TO THE SCN
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Source: SecMarx — sebi:AO/BJD/MAS/EAD/67-68/2017. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.