sebi:Order/AS/DP/2024-25/31204
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Facts / Headnote
Violation established; penalty of Rs. 20,00,000 imposed under Section 15HB of the SEBI Act
Provisions invoked
- s. 15
- s. 11B
- s. 11
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 20
- Reg. 20(5)
Parties
- AIRD Investment Commercial LLC
Holding
The Noticee violated Regulation 20(5) of FPI Regulations and Clause 9 of Part C of the Master Circular dated December 19, 2022 read with RBI Circular dated June 15, 2018 by holding short-term G-Sec investments exceeding 30% for 562 days, and is liable for monetary penalty under Section 15HB of the SEBI Act.
Full text
Adjudication Order in the matter of examination of compliance with respect to Investment in Debt Instruments by Foreign Portfolio Investor Page 2 of 12
Adjudication Order in the matter of examination of compliance with respect to Investment in Debt Instruments by Foreign Portfolio Investor Page 3 of 12
Adjudication Order in the matter of examination of compliance with respect to Investment in Debt Instruments by Foreign Portfolio Investor Page 4 of 12
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Source: SecMarx — sebi:Order/AS/DP/2024-25/31204. 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.