sebi:Order/PM/NK/2019-20/6216
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Facts / Headnote
Penalty imposed under Section 15HB of the SEBI Act, 1992 for violations of ICDR Regulations and Merchant Bankers Regulations (specific amount not stated in the provided text)
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 28A
- s. 370(1)
Regulations
- Reg. 13
- Reg. 2(1)(s)
- Reg. 2(1)
- Reg. 57
- Reg. 57(2)
- Reg. 14
- Reg. 64(1)
- Reg. 51A
- Reg. 106
- Reg. 13(6)
- Reg. 13(7)
Parties
- First Overseas Capital Limited (FOCL)
Holding
The Adjudicating Officer found First Overseas Capital Limited (FOCL), acting as merchant banker, in violation of Regulation 57(2) read with Schedule VIII of ICDR Regulations, Regulation 64(1) read with Schedule VI and Regulation 106O(2) of ICDR Regulations, and Clauses 1, 4, 6, 7 and 21 of the Code of Conduct under Schedule III of the Merchant Bankers Regulations, and imposed penalty under Section 15HB of the SEBI Act, 1992.
Full text
Adjudication Order in respect of First Overseas Capital Limited in the matter of Inspection of books of First Overseas Capital Limited. Page 2 of 26
Adjudication Order in respect of First Overseas Capital Limited in the matter of Inspection of books of First Overseas Capital Limited. Page 3 of 26
Adjudication Order in respect of First Overseas Capital Limited in the matter of Inspection of books of First Overseas Capital Limited. Page 4 of 26
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Source: SecMarx — sebi:Order/PM/NK/2019-20/6216. 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.