sebi:Order/BRK/JS/2022-23/17545
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Facts / Headnote
Consolidated penalty of Rs. 25,00,000 imposed on Kaynet Commodities Private Limited for established violations; to pay within 45 days failing which recovery under section 28A
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 12
- s. 15H
- s. 15I
- s. 28A
- s. 23D
Regulations
- Reg. 27
- Reg. 21(1)
- Reg. 21
- Reg. 27(i)
Parties
- Kaynet Commodities Private Limited
Holding
The Adjudicating Officer held all alleged violations against Kaynet Commodities Private Limited established and imposed a consolidated penalty of Rs. 25,00,000 under Section 23D of SC(R)A read with Sections 15A(b) and 15HB of SEBI Act.
Full text
Adjudication order in the matter of Kaynet Commodities Private Limited Page 2 of 27 2. APPOINTMENT OF ADJUDICATING OFFICER
Adjudication order in the matter of Kaynet Commodities Private Limited Page 3 of 27 “Enhanced Supervision of Stock Brokers/ Depository Participants Circular”)
Adjudication order in the matter of Kaynet Commodities Private Limited Page 4 of 27 wherein Mr. Sanjay Shah, Director, Kaynet Group appeared on behalf of the Noticee and made submissions. Mr. Shah also sought time till June 15, 2022 to file written submissions. On June 15, 2022, the Noticee submitted written submissions.
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Source: SecMarx — sebi:Order/BRK/JS/2022-23/17545. 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.