sebi:Order/AN/SM/2024-25/31104-31107
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Facts / Headnote
Adjudication proceedings against Noticees initiated vide SCN dated June 07, 2024 stand disposed of without imposition of any monetary penalty
Provisions invoked
- s. 15
- s. 19
- s. 15E
Regulations
- Reg. 7
- Reg. 201
- Reg. 20(1)
- Reg. 20(5)
- Reg. 4(f)
- Reg. 20
Parties
- Karvy Capital Limited
- Mr. Ajit Bhaskaran
- Hitungshu Debnath
- Mr. K. P. Jeewan
Holding
The allegation that the Noticees violated Regulation 20(1), 20(5) and Clause 2(a) of Code of Conduct of SEBI (AIF) Regulations, 2012 does not stand established, and the adjudication proceedings are disposed of without monetary penalty.
Full text
______________________________________________________________________________________ Adjudication order in respect of four entities in the matter of Karvy Capital Alternative Investment Trust and KCAP Alternative Investment Fund Page 2 of 14
______________________________________________________________________________________ Adjudication order in respect of four entities in the matter of Karvy Capital Alternative Investment Trust and KCAP Alternative Investment Fund Page 3 of 14
______________________________________________________________________________________ Adjudication order in respect of four entities in the matter of Karvy Capital Alternative Investment Trust and KCAP Alternative Investment Fund Page 4 of 14
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Source: SecMarx — sebi:Order/AN/SM/2024-25/31104-31107. 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.