sebi:EAD-2/SS/AKS/64/164/2018-19
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Facts / Headnote
Proceedings dropped; SCN disposed of with no penalty
Provisions invoked
- s. 15A
- s. 15I
Regulations
- Reg. 13(1)
- Reg. 4
- Reg. 29(1)
Parties
- Competent Finman Pvt. Ltd.
Holding
The SCN against Competent Finman Pvt. Ltd. was disposed of and the proceedings were dropped with no penalty. The Noticee, acting only as stock broker for its clients, was held not liable to make disclosures under the PIT and SAST Regulations.
Full text
______________________________________________________________________________________ Adjudication Order in respect of Competent Finman Pvt. Ltd. in the matter of Polo Hotels Limited. Page 2 of 3 (File No.: EAD-2/SS/AKS/64/164/2018-19)
______________________________________________________________________________________ Adjudication Order in respect of Competent Finman Pvt. Ltd. in the matter of Polo Hotels Limited. Page 3 of 3 (File No.: EAD-2/SS/AKS/64/164/2018-19)
Rule 5 of the SEBI (Procedure for Holding Inquiry and imposing penalties by Adjudicating Officer) Rules, 1995 (Adjudication Rules) and section 15A (b) of the SEBI Act, the aforesaid alleged violations.
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Source: SecMarx — sebi:EAD-2/SS/AKS/64/164/2018-19. 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.