sebi:Order/GG/BS/2024-25/30459-30490
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Facts / Headnote
Adjudication proceedings on alleged violations of Regulation 8 of SEBI (LODR) Regulations, 2015 read with SEBI Circular dated June 30, 2017 for non-submission of No Default Statement (NDS) to Credit Rating Agencies; allegations dropped against certain Noticees without penalty, violations found against others (e.g., Noticee No. 30), with penalties imposed under Section 15A(b) of the SEBI Act where applicable.
Provisions invoked
- s. 24
- s. 15A
- s. 15
- s. 19
- s. 12A
- s. 28A
- s. 30
- s. 14
- s. 33(5)
- s. 35
- s. 14(1)
- s. 238
- s. 31
- s. 34
- s. 32A
- s. 31(1)
- s. 230
- s. 53
- s. 233
- s. 232
Regulations
- Reg. 15
- Reg. 201
- Reg. 9
- Reg. 8
Holding
The Adjudicating Officer found that certain Noticees violated Regulation 8 of SEBI (LODR) Regulations, 2015 read with clauses 1(A) and 1(C) of the SEBI Circular dated June 30, 2017 by failing to submit No Default Statements (NDS) to Credit Rating Agencies for specified periods, while dropping allegations against certain Noticees (e.g., Noticee No. 3, Noticee No. 5, Noticee No. 12) without penalty on grounds including prior default ratings, bona fide belief, and insolvency proceedings.
Full text
______________________________________________________________________ Adjudication Order in the matter of Non-Submission of NDS to CRAs
______________________________________________________________________ Adjudication Order in the matter of Non-Submission of NDS to CRAs
______________________________________________________________________ Adjudication Order in the matter of Non-Submission of NDS to CRAs
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