sebi:EAD-2/SS/SK/2018-19/1408-1409
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Facts / Headnote
Show cause notice disposed of; no monetary penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15D
- s. 15E
Regulations
- Reg. 10
- Reg. 10(a)
- Reg. 199
- Reg. 9
- Reg. 18(22)
- Reg. 44
Parties
- Kotak Mahindra Asset Management Company Ltd. (KMAMC)
- Kotak Mahindra Trustee Company Ltd. (KMTCL)
Holding
The Adjudicating Officer held that the adjudication proceedings could only be limited to Section 15HB of the SEBI Act (residual penalty provision), as the charges under Sections 15D(b) and 15E did not sustain, and ultimately found that the case did not deserve imposition of any monetary penalty, disposing of the SCN.
Full text
_________________________________________________________________________________________ Adjudication Order in respect of two entities in the matter of Kotak Mahindra Mutual Fund Page 2 of 23 (File No.: EAD-2/SS/SK/36/75/2018-19)
_________________________________________________________________________________________ Adjudication Order in respect of two entities in the matter of Kotak Mahindra Mutual Fund Page 3 of 23 (File No.: EAD-2/SS/SK/36/75/2018-19)
_________________________________________________________________________________________ Adjudication Order in respect of two entities in the matter of Kotak Mahindra Mutual Fund Page 4 of 23 (File No.: EAD-2/SS/SK/36/75/2018-19)
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Source: SecMarx — sebi:EAD-2/SS/SK/2018-19/1408-1409. 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.