sebi:Order/BS/KH/2025-26/31822
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Facts / Headnote
Adjudication proceedings disposed of without imposition of any monetary penalty
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15I
- s. 15J
Regulations
- Reg. 3
Parties
- M/s Nuvama Wealth and Investment Limited
Holding
The Adjudicating Officer concluded that the allegations against the Noticee do not warrant any monetary penalty, and disposed of the adjudication proceedings initiated vide SCN dated April 5, 2024 without imposition of any monetary penalty.
Full text
In the matter of M/s Nuvama Wealth and Investment Limited Page 2 of 13 3. The findings of the said inspection were communicated to the Noticee vide letter dated September 04, 2023. In response to the findings in the inspection report, Noticee submitted a reply vide email dated September 13, 2023.
In the matter of M/s Nuvama Wealth and Investment Limited Page 3 of 13 DATED December 26, 2013 and NSE/INSP/29057 DATED March 05, 2015, NSE/INSP/37965 dated June 08, 2018 and NSE/INSP/32471.
In the matter of M/s Nuvama Wealth and Investment Limited Page 4 of 13 c) Bounce logs not maintained: It is alleged that, in respect of 322 instances pertaining to 63 client codes, the email ids were invalid but the ECN logs did not capture the status for such email ids as bounced. In addition, the Noticee has not taken possible steps to ensure receipt of notification of bounced mails.
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Source: SecMarx — sebi:Order/BS/KH/2025-26/31822. 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.