sebi:Order/SM/AD/2023-24/28376
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Facts / Headnote
Violations established; monetary penalty imposed under Section 15HB of SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15F
- s. 28A
- s. 9(1)
- s. 25(1)
Regulations
- Reg. 13
- Reg. 9
- Reg. 15
- Reg. 14
- Reg. 16(3)
- Reg. 24
Parties
- M/s. Infomerics Valuation and Rating Pvt. Ltd.
Holding
The Adjudicating Officer found that Infomerics Valuation and Rating Pvt. Ltd. violated multiple provisions of the CRA Regulations, Code of Conduct, and SEBI circulars relating to CEO involvement in the rating process, non-compliance with corrective measures, inaccurate notch calculation, delayed rating downgrades, and improper rating committee composition on appeal, and held the Noticee liable for monetary penalty under Section 15HB of the SEBI Act.
Full text
Adjudication Order in respect of M/s. Infomerics Valuation and Rating Pvt. Page 2 of 33 Ltd. in the matter of M/s. Infomerics Valuation and Rating Pvt. Ltd.
Adjudication Order in respect of M/s. Infomerics Valuation and Rating Pvt. Page 3 of 33 Ltd. in the matter of M/s. Infomerics Valuation and Rating Pvt. Ltd.
Adjudication Order in respect of M/s. Infomerics Valuation and Rating Pvt. Page 4 of 33 Ltd. in the matter of M/s. Infomerics Valuation and Rating Pvt. Ltd.
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Source: SecMarx — sebi:Order/SM/AD/2023-24/28376. 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.