sebi:EAD-2/SS/SK/25/36/2018-19
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Facts / Headnote
Penalty of ₹1,00,000 imposed under section 15HB; charges under section 15B dropped
Provisions invoked
- s. 15
- s. 15H
- s. 15B
- s. 15I
- s. 15J
- s. 15F
Regulations
- Reg. 6
- Reg. 9(f)
- Reg. 26
- Reg. 9
Parties
- Aadinath Securities
Holding
The Noticee was held liable under section 15HB for non-compliance with the Code of Conduct for Stock Brokers (Clause A(2) and A(5) of Schedule II read with Regulation 9(f) and Regulation 26(xvi) of the SBSB Regulations) arising from delayed compliance with SEBI circulars on KYC and KRA, and a penalty of ₹1,00,000 was imposed. The charge under section 15B was dropped as that provision applies only to failure to enter into an agreement with clients, which was not alleged.
Full text
_________________________________________________________________________________________ Adjudication Order in respect of Aadinath Securities Page 2 of 16 (File No.: EAD-2/SS/SK/25/36/2018-19)
_________________________________________________________________________________________ Adjudication Order in respect of Aadinath Securities Page 3 of 16 (File No.: EAD-2/SS/SK/25/36/2018-19)
_________________________________________________________________________________________ Adjudication Order in respect of Aadinath Securities Page 4 of 16 (File No.: EAD-2/SS/SK/25/36/2018-19)
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Source: SecMarx — sebi:EAD-2/SS/SK/25/36/2018-19. 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.