sebi:Order/BS/YK/2023-24/29087
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Facts / Headnote
Violations established; consolidated monetary penalty of Rs. 2,00,000 imposed (Rs. 1,00,000 under Section 15HB of SEBI Act and Rs. 1,00,000 under Section 23D of SCRA)
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 12
- s. 15H
- s. 15J
- s. 23
- s. 23D
Regulations
- Reg. 6
- Reg. 9(f)
- Reg. 3(2)
Holding
The Noticee was found to have violated Clause 2.4.1 and 2.4.2 of Annexure to SEBI Circular dated September 26, 2016, Clause 12(e) of Annexure-A to SEBI Circular dated December 03, 2009, Clause 8.1 of Annexure to SEBI Circular dated September 26, 2016, Regulation 3(2) of Certification Regulations, Clause A(5) of Schedule II read with Regulation 9(f) of Broker Regulations, and Clause III of SEBI Circular dated September 26, 2017. A consolidated penalty of Rs. 2,00,000 was imposed (Rs. 1,00,000 under Section 15HB of SEBI Act and Rs. 1,00,000 under Section 23D of SCRA).
Full text
Page 2 of 20 (b) that the provisions of the Act, rules, regulations and the provisions of the Securities Contracts (Regulation) Act, and the rules made thereunder are being complied with;”
Page 3 of 20 Section 23-I of SCRA read with Rule 3 of Securities Contracts (Regulations) (Procedure for Holding Inquiry and Imposing Penalties) Rules, 2005 (hereinafter referred to as “SCRA Rules”) to inquire into and adjudge under the provisions of the Section 15HB of the SEBI Act and Section 23D of SCRA for the violation of the provisions of law alleged to have been committed by the Noticee.
Page 4 of 20 14/05/2021 00080340003548 00080340003531 00990610016602 20,00,000 24/05/2021 00080340003548 00080340003531 00990610016602 15,00,000 01/06/2021 00080340003548 00080340003531 00990610016602 30,00,000 09/06/2021 00080340003548 00080340003531 00990610016602 31,00,000 22/06/2021 00080340003548 00080340003531 00990610016602 9,00,000 28/06/2021 00080340003548 00080340003531 00990610016602 23,00,000 07/07/2021 00080340003548 00080340003531 00990610016602 5,000,000 30/09/2021 00080340003548 00080340003531 00990610016602 11,00,000 30/09/2021 00080340003548 00080340003531 00990610016602 41,500,000 11/11/2021 00080340003548 00080340003531 00990610016602 5,00,000 20/11/2021 00080340003548 00080340003531 00990610016602 32,00,000 25/11/2021 00080340003548 00080340003531 00990610016602 3,14,000 25/01/2021 00080340003548 00080340003531 00990610016602 3,00,000
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