sebi:Order/AK/BS/2023-24/28351-28353
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Facts / Headnote
Show Cause Notice disposed of; no violation established against any of the three Noticees
Provisions invoked
- s. 15
- s. 19
- s. 12A
- s. 15H
- s. 15J
Regulations
- Reg. 199
- Reg. 3
- Reg. 6
- Reg. 4(1)
- Reg. 3(a)
- Reg. 9
Parties
- Sushil Agarwal
- Seema Agarwal
- Steel City Securities Limited
Holding
The Adjudicating Officer held that Noticee Nos. 1 & 2 (Sushil Agarwal and Seema Agarwal) did not violate Section 12A of the SEBI Act or the PFUTP Regulations, and that Noticee No. 3 (Steel City Securities Ltd.) did not violate Clause A(2) of the Code of Conduct for Stock Brokers, and accordingly disposed of the SCN.
Full text
Adjudication order in respect of three entities in the matter of Steel City Securities Ltd. Page 2 of 21 of Code of Conduct for Stock Broker specified under Schedule II r/w Regulation 9 of Broker Regulations in the matter of Steel City Securities Limited. Noticee Nos. 1, 2 and 3 shall, hereinafter, collectively be referred to as “Noticees”.
Adjudication order in respect of three entities in the matter of Steel City Securities Ltd. Page 3 of 21 inspection of documents on their behalf. Noticee No. 3, vide letter dated May 05, 2023 informed that it had authorized Mr. Meit Shah for inspection of documents.
Adjudication order in respect of three entities in the matter of Steel City Securities Ltd. Page 4 of 21 CONSIDERATION OF ISSUES AND FINDINGS
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Source: SecMarx — sebi:Order/AK/BS/2023-24/28351-28353. 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.