sebi:Order/BM/GN/2023-24/25912
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation established; held to be fit case for imposition of penalty under Section 15HB of the SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 13
- Reg. 199
- Reg. 15
- Reg. 14
- Reg. 15(4)
Parties
- Karvy Capital Limited
Holding
Karvy Capital Limited as Portfolio Manager violated Regulations 13, 14, 15(4) read with Clauses 1 and 3 of Schedule III and Schedule V of SEBI (Portfolio Managers) Regulations, 1993 in subscribing to Utkarsh Small Finance Bank NCDs it had structured, and the case was held fit for penalty under Section 15HB of the SEBI Act.
Full text
Adjudication Order in the matter Role of Karvy Capital Limited in the matter of NCDs issued by Utkarsh Small Finance Bank Limited. Page 2 of 27
Adjudication Order in the matter Role of Karvy Capital Limited in the matter of NCDs issued by Utkarsh Small Finance Bank Limited. Page 3 of 27
Adjudication Order in the matter Role of Karvy Capital Limited in the matter of NCDs issued by Utkarsh Small Finance Bank Limited. Page 4 of 27
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/BM/GN/2023-24/25912. 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.