sebi:Order/AS/DP/2024-25/31206
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Facts / Headnote
Violation established; monetary penalty imposed
Provisions invoked
- s. 15
- s. 11B
- s. 11
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 20
- Reg. 20(5)
Parties
- Aviator Global Investment Fund
Holding
The Adjudicating Officer held that Aviator Global Investment Fund violated Regulation 20(5) of the 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 corporate bond investments above 30% for 373 days, and imposed a penalty of Rs. 10,00,000 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 15
Adjudication Order in the matter of examination of compliance with respect to Investment in Debt Instruments by Foreign Portfolio Investor Page 3 of 15
Adjudication Order in the matter of examination of compliance with respect to Investment in Debt Instruments by Foreign Portfolio Investor Page 4 of 15
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Source: SecMarx — sebi:Order/AS/DP/2024-25/31206. 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.