sebi:AO/SG-VS/EAD/40/2017
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Adjudication proceedings disposed of without imposition of monetary penalty
Provisions invoked
- s. 15
- s. 15H
- s. 15I
Regulations
- Reg. 15
Parties
- Mr. Babyson Mathew
Holding
The Adjudicating Officer held that none of the alleged violations against Mr. Babyson Mathew were tenable and that he is not liable for monetary penalty under Section 15HB of the SEBI Act, disposing of the proceedings initiated vide SCN dated August 31, 2016.
Full text
Adjudication Order in respect of Mr. Babyson Mathew Page 2 of 16 4. Further, a turnover of ` 5619 lakhs in the F&O segment during the year 2013-14 which was about 30% of the total turnover of the Noticee indicated to the inspection team that the Noticee was quite active in F&O, for his clients, though he did not have SEBI registration for doing the same.
Adjudication Order in respect of Mr. Babyson Mathew Page 3 of 16 mandatory for transacting in F & O segment. No trade in happened in F & O segment after that.”
Adjudication Order in respect of Mr. Babyson Mathew Page 4 of 16 the Noticee was paid a total F&O commission of ` 3, 61,475/- during the period 2010-11 to 2014-15.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:AO/SG-VS/EAD/40/2017. 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.