sebi:Order/SM/DD/2021-22/14489
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Facts / Headnote
Violations established against Noticee; penalty proceedings under Section 23D of SCRA, Section 15HB of SEBI Act and Section 19G of Depositories Act
Provisions invoked
- s. 15
- s. 12
- s. 15H
- s. 15J
- s. 15F
- s. 28A
- s. 23J
- s. 23
- s. 23D
- s. 19G
Parties
- M/s. Hardik Fintrade Pvt. Ltd.
Holding
The Noticee was found to have violated Section 23D of SCRA read with Clause 1 of the Transactions Regulation Circular and Clause 3 of Annexure to the Enhanced Supervision Circular in respect of delay in payment of dividend to clients, and SEBI Circular CIR/MIRSD/16/2011 dated August 22, 2011. The violations attract monetary penalty under Section 23D of SCRA, Section 15HB of SEBI Act and Section 19G of Depositories Act.
Full text
Adjudication Order in respect of M/s. Hardik Fintrade Pvt. Ltd.in the matter of M/s. Hardik Fintrade Pvt. Ltd Page 2 of 35
Adjudication Order in respect of M/s. Hardik Fintrade Pvt. Ltd.in the matter of M/s. Hardik Fintrade Pvt. Ltd Page 3 of 35 Thereafter, the undersigned was appointed as the AO in the matter by SEBI vide
Adjudication Order in respect of M/s. Hardik Fintrade Pvt. Ltd.in the matter of M/s. Hardik Fintrade Pvt. Ltd Page 4 of 35
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Source: SecMarx — sebi:Order/SM/DD/2021-22/14489. 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.