sebi:EAD/BJD/BKM/99/2017-18
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Facts / Headnote
Penalty of Rs. 25,00,000 imposed on the Noticee under Section 15HB of the SEBI Act, 1992
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15F
Regulations
- Reg. 13
- Reg. 14
- Reg. 200
- Reg. 64
Parties
- M/s. Karn Merchant Bankers Limited
Holding
The Adjudicating Officer held that M/s. Karn Merchant Bankers Limited violated Clauses 4, 7, 10 and 20 of the Code of Conduct under Regulation 13 of MB Regulations, 1992, Regulation 64(1) of ICDR, 2009 and Regulation 14(1)(e) of MB Regulations, 1992 and imposed a penalty of Rs. 25,00,000 under Section 15HB of the SEBI Act, 1992.
Full text
____________________________________________________________________________________ Adjudication Order in matter of M/s. Karn Merchant Bankers Limited Page 2 of 17
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____________________________________________________________________________________ Adjudication Order in matter of M/s. Karn Merchant Bankers Limited Page 4 of 17
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Source: SecMarx — sebi:EAD/BJD/BKM/99/2017-18. 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.