sebi:EAD-5/BS/AO/06-07/2017-18
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Facts / Headnote
Disposed of without penalty; allegations not established
Provisions invoked
- s. 15
- s. 15H
- s. 15I
Regulations
- Reg. 7
- Reg. 3
- Reg. 3(a)
Parties
- AKG Securities and Consultancy Ltd.
- Adroit Financial Services Pvt. Ltd.
Holding
The alleged violations of Regulations 3(a) to (d), 4(1), 4(2)(a) and (g) of the PFUTP Regulations against Noticee No. 1 (AKG Securities and Consultancy Ltd.) and the alleged violation of Clause A(3) of the Code of Conduct for Stock Brokers against Noticee No. 2 (Adroit Financial Services Pvt. Ltd.) are not established, and the adjudication proceedings are disposed of without penalty.
Full text
Adjudication Order against AKG Securities and Consultancy Ltd. and Adroit Financial Services Pvt. Ltd. in the matter of Rushil Décor Ltd. Page 2 of 9 Consultancy Ltd. and Adroit Financial Services Pvt. Ltd. (hereinafter referred to as Noticee No. 1 and Noticee No. 2 respectively and Noticees collectively) during the period July 07, 2011 to July 12, 2011 (hereinafter referred to as the Investigation Period).
Adjudication Order against AKG Securities and Consultancy Ltd. and Adroit Financial Services Pvt. Ltd. in the matter of Rushil Décor Ltd. Page 3 of 9
Adjudication Order against AKG Securities and Consultancy Ltd. and Adroit Financial Services Pvt. Ltd. in the matter of Rushil Décor Ltd. Page 4 of 9 c. Does the violation, if established, attract monetary penalty under Sections 15HA and 15HB of SEBI Act, 1992?
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Source: SecMarx — sebi:EAD-5/BS/AO/06-07/2017-18. 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.