sebi:MC/ST/2021-22/11587-11595
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated February 17, 2021 disposed of without penalty - charges not established
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 3(a)
- Reg. 9
- Reg. 7A
Parties
- R M Shares Trading Pvt. Ltd.
- Chandarana Intermediaries Brokers Pvt. Ltd.
- A K G Securities and Consultancy Ltd.
- V P Patel
- GKN Securities
- OPG Securities Pvt. Ltd.
- Marwadi Shares & Finance Ltd.
- Adroit Financial Services Pvt. Ltd.
- Grishma Securities Pvt. Ltd.
Holding
The charges against Noticees-1 to 5 for violation of PFUTP Regulations were not established and consequently the charges against Noticees-1, 5, 6, 7, 8 and 9 for violation of the Code of Conduct for Stock Brokers were also not established, and the adjudication proceedings were disposed of.
Full text
Adjudication Order in the matter of IPO of Indo Thai Securities Ltd. Page 2 of 22 In the matter of IPO of Indo Thai Securities Ltd.
Adjudication Order in the matter of IPO of Indo Thai Securities Ltd. Page 3 of 22 15HB of SEBI Act the aforesaid alleged violations against the Noticees. The appointment of the AO was communicated vide order dated January 11, 2021.
Adjudication Order in the matter of IPO of Indo Thai Securities Ltd. Page 4 of 22 3. Retail Investors (2356) 39,90,400 3.31
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Source: SecMarx — sebi:MC/ST/2021-22/11587-11595. 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.