sebi:EAD-3/JS/GSS/80/2018-19

SEBI · SEBI · 2013-03-15 · Jeevan Sonparote, Adjudicating Officer

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Adjudication proceedings initiated vide SCN dated September 06, 2018 disposed through settlement on payment of settlement amount without admission or denial of violations

Provisions invoked

• s. 15H
• s. 15I

Regulations

• Reg. 4
• Reg. 16
• Reg. 17
• Reg. 25
• Reg. 4(2)
• Reg. 23(1)
• Reg. 34
• Reg. 15(1)
• Reg. 19
• Reg. 28(1)
• Reg. 15(1)(g)
• Reg. 15(1)(q)

Parties

• Axis Trustee Services Limited

Holding

The adjudication proceedings initiated against Axis Trustee Services Limited vide Show Cause Notice dated September 06, 2018 are disposed through settlement on payment of the settlement amounts.

Full text

Settlement order in the matter of Axis Trustee Services Limited || Page 1 SETTLEMENT ORDER NO. EAD-3/JS/GSS/ 80 /2018-19 (Settlement Application No. 3828/2018 under SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014) and SEBI (Settlement Proceedings) Regulations, 2018 _____________________________________________________________

Settlement order in the matter of Axis Trustee Services Limited || Page 2 The Noticee was acting as Debenture Trustee for the aforementioned NCDs issued by the issuer company.

Settlement order in the matter of Axis Trustee Services Limited || Page 3 1992 (hereinafter be referred to as “SEBI Act”) read with Rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 to inquire into and adjudge under section 15HB of SEBI Act, 1992, against the applicant for aforesaid alleged violations.

Source: SecMarx — sebi:EAD-3/JS/GSS/80/2018-19. 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.