sebi:Order/AN/SM/2023-24/30175
Facts / Headnote
Violations established; penalty of Rs. 3,00,000 imposed on the Noticee
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 11B
- s. 11
- s. 15J
- s. 28A
- s. 15C
- s. 15E
Regulations
- Reg. 13
- Reg. 11
- Reg. 9
- Reg. 10
- Reg. 29
- Reg. 27
- Reg. 24
- Reg. 201
- Reg. 3(2)
- Reg. 32
- Reg. 24(4)
- Reg. 24(2)
- Reg. 13(i)
- Reg. 29(2)
Parties
- Grovalue Financial Services Private Limited
Holding
The Noticee, Grovalue Financial Services Private Limited, was held to have violated Regulation 13(i), Regulation 24(4), Regulation 29(1) & (2), Regulation 32(i), (ii) & (v) and Regulation 24(2) read with clause 7 of Third Schedule of SEBI (RA) Regulations 2014, Regulation 13(ii) of SEBI (RA) Regulations 2014, Para 3 of Second Schedule read with Regulation 11 of SEBI (RA) Regulations 2014, and SEBI Circular CIR/OIAE/1/2014 read with Regulation 32(vi) of SEBI (RA) Regulations 2014. A total penalty of Rs. 3,00,000 was imposed under Sections 15EB, 15A(a) and 15C of the SEBI Act, 1992.
Full text
________________________________________________________________________________ Adjudication Order in the matter of Grovalue Financial Services Private Limited. Page 2 of 20
________________________________________________________________________________ Adjudication Order in the matter of Grovalue Financial Services Private Limited. Page 3 of 20
________________________________________________________________________________ Adjudication Order in the matter of Grovalue Financial Services Private Limited. Page 4 of 20
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