sebi:Order/MC/RM/2022-23/17546
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Facts / Headnote
Adjudication proceedings disposed of; violations not established
Provisions invoked
- s. 19
- s. 15H
- s. 15J
- s. 19G
- s. 19I
Regulations
- Reg. 1
- Reg. 20A
- Reg. 98
Parties
- SS Corporate Securities Ltd.
Holding
The Adjudicating Officer held that the violations alleged against SS Corporate Securities Ltd. under the Code of Conduct of D&P Regulations, 1996 and clauses 1.8(vii) & 1.8(viii) of the SEBI Master Circular dated April 15, 2013 were not established, and accordingly disposed of the adjudication proceedings without imposing any penalty.
Full text
Adjudication Order against SS Corporate Securities Ltd. in the matter of Delta Leasing & Finance Ltd. Page 2 of 19 aforesaid alleged violations against the Noticee. The appointment of the AO was communicated vide order dated January 13, 2021.
Adjudication Order against SS Corporate Securities Ltd. in the matter of Delta Leasing & Finance Ltd. Page 3 of 19 Beneficial Owner (Transferor or Source Client) to the account of another beneficial owner (Transferee or the Target Client) through Delivery Instruction Slips (DIS).
Adjudication Order against SS Corporate Securities Ltd. in the matter of Delta Leasing & Finance Ltd. Page 4 of 19 12. It was observed that the Noticee executed off market transactions which are
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Source: SecMarx — sebi:Order/MC/RM/2022-23/17546. 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.