sebi:ORDER/BM/RK/2024-25/30710
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Facts / Headnote
Penalty of Rs 1,00,000 imposed under Section 15HB of the SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 28A
Regulations
- Reg. 16
Parties
- Catalyst Trusteeship Limited
Holding
The Adjudicating Officer held that Catalyst Trusteeship Limited violated Clause 3 of the November 12, 2020 Circular and Clause 13 of Schedule III read with Regulation 16 and Clause 3 of the March 15, 2013 Circular, and imposed a monetary penalty of Rs 1,00,000 under Section 15HB of the SEBI Act.
Full text
Adjudication order in respect of Catalyst Trusteeship Limited in the matter of breach of covenants by Spandana Sphoorty Financial Limited Page | 2 not follow the procedure mandated under extant SEBI circular mentioned below and also it did not inform the concerned CRA(s) about the breach of covenants of the trust deed.
Adjudication order in respect of Catalyst Trusteeship Limited in the matter of breach of covenants by Spandana Sphoorty Financial Limited Page | 3
Adjudication order in respect of Catalyst Trusteeship Limited in the matter of breach of covenants by Spandana Sphoorty Financial Limited Page | 4
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Source: SecMarx — sebi:ORDER/BM/RK/2024-25/30710. 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.