sebi:Order/MC/RM/2021-22/13816
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated July 14, 2021 disposed of; violations not established, no penalty imposed
Provisions invoked
- s. 19
- s. 15H
- s. 15J
- s. 19G
- s. 19I
Regulations
- Reg. 20A
- Reg. 199
- Reg. 98
Parties
- Vivek Financial Focus
Holding
The Adjudicating Officer held there was insufficient material to establish that Vivek Financial Focus failed to exercise reasonable due diligence and violated the Code of Conduct and Clauses 1.8(vii) and 1.8(viii) of the Master Circular, and disposed of the adjudication proceedings without penalty.
Full text
Adjudication Order against Vivek Financial focus in the matter of Delta Leasing & Finance Ltd. Page 2 of 23 SHOW CAUSE NOTICE, REPLY AND HEARING
Adjudication Order against Vivek Financial focus in the matter of Delta Leasing & Finance Ltd. Page 3 of 23 obtained from the Depositories revealed that promoter entities transferred substantial quantity of shares to several entities during the investigation period.
Adjudication Order against Vivek Financial focus in the matter of Delta Leasing & Finance Ltd. Page 4 of 23 10. Code of Conduct is prescribed for a DP in Regulation 20AA under Schedule III, governing its day-to-day activities as a DP and requires that DPS act in a prompt, effective and efficient manner and maintain high standards of integrity in all its dealings.
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Source: SecMarx — sebi:Order/MC/RM/2021-22/13816. 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.