sebi:EAD-5/SVKM/AO/03/2016-17
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Facts / Headnote
Violations established; monetary penalty of Rs. 4,00,000 imposed under Section 15HB of SEBI Act, 1992
Provisions invoked
- s. 15
- s. 15H
Regulations
- Reg. 7
- Reg. 9(f)
Parties
- GEPL Pvt. Ltd.
Holding
The Adjudicating Officer held that GEPL Pvt. Ltd. violated Clause A(1), A(2), A(5) of the Code of Conduct read with Regulation 7 / Regulation 9(f) and SEBI circulars dated December 03, 2009 and March 31, 2010 and NSE circular dated February 03, 2010, and imposed a monetary penalty of Rs. 4,00,000 under Section 15HB of the SEBI Act, 1992.
Full text
Adjudication Order in respect of GEPL Pvt. Ltd. Page 2 of 18 ii. SEBI circular no. MIRSD/SE/Cir-19/2009 dated December 3, 2009, iii. SEBI circular no. MIRSD/SE/Cir-5/2010 dated March 31, 2010 and iv. NSE circular no. NSE/INSP/2010/91 dated February 03, 2010.
Adjudication Order in respect of GEPL Pvt. Ltd. Page 3 of 18 submissions made vide reply dated February 09, 2015 and undertook to file additional
Adjudication Order in respect of GEPL Pvt. Ltd. Page 4 of 18 c) If yes, what should be the quantum of penalty? Allegation 1: Inter-Exchange Settlement of Funds and Securities
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Source: SecMarx — sebi:EAD-5/SVKM/AO/03/2016-17. 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.