sebi:EAD/BJD/BKM/169/2017-18
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Facts / Headnote
Violations established under Regulation 64(1), Regulation 8(2)(b),(e),(f), Regulation 57 of ICDR Regulations, Regulation 13 of MB Regulations (Clauses 4, 7, 10, 20 of Code of Conduct), and Regulation 14(1)(e) of MB Regulations; violation of Section 11C(2) and (3) of SEBI Act not established; monetary penalty imposed under Section 15HB
Provisions invoked
- s. 11
- s. 15A
- s. 15
- s. 19
- s. 11(1)
- s. 15H
- s. 15J
- s. 11C
- s. 12
- s. 15F
- s. 156
Regulations
- Reg. 13
- Reg. 57
- Reg. 6
- Reg. 14
- Reg. 64
- Reg. 64(1)
- Reg. 8
- Reg. 8(2)(b)
Parties
- Atherstone Capital Markets Limited (ACML)
Holding
The Noticee (Atherstone Capital Markets Limited), as Book Running Lead Manager to the IPO of Onelife Capital Advisors Limited, was found to have violated due diligence and disclosure obligations under ICDR Regulations and Merchant Banker Regulations for failing to ensure adequate disclosures in the RHP/Prospectus and failing to verify material developments. However, the charge under Section 11C(2) and (3) of the SEBI Act for failure to produce documents was not established.
Full text
____________________________________________________________________________________ Adjudication Order in matter of SCN in respect of ACML in the matter of IPO of Onelife Capital Advisors Limited
____________________________________________________________________________________ Adjudication Order in matter of SCN in respect of ACML in the matter of IPO of Onelife Capital Advisors Limited
____________________________________________________________________________________ Adjudication Order in matter of SCN in respect of ACML in the matter of IPO of Onelife Capital Advisors Limited
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Source: SecMarx — sebi:EAD/BJD/BKM/169/2017-18. 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.