sebi:Order/SM/DD/2021-22/15644
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Facts / Headnote
Penalty imposed on Noticee for violations of SAST Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 4
- Reg. 7(1)
- Reg. 13
- Reg. 3
- Reg. 17
- Reg. 12
- Reg. 24
- Reg. 24(1)
- Reg. 17(1)
- Reg. 27(2)
- Reg. 27(5)
- Reg. 27
- Reg. 16(1)
- Reg. 2(p)
Parties
- Fast Track Finsec Pvt. Ltd.
Holding
The Noticee, as Manager to the open offers of Spaceage Products Ltd and Specular Marketing Finance Ltd, violated Regulation 27(5) of SAST Regulations (and related provisions including Regulation 17(1), Regulation 24(1), and Regulation 7(1)) by failing to exercise due diligence and care, and a monetary penalty under Section 15HB of the SEBI Act was attracted.
Full text
Adjudication Order in respect of Fast Track Finsec Pvt. Ltd. in the matter of Spaceage Products Ltd & Specular Marketing Finance Ltd Page 2 of 25
Adjudication Order in respect of Fast Track Finsec Pvt. Ltd. in the matter of Spaceage Products Ltd & Specular Marketing Finance Ltd Page 3 of 25
Adjudication Order in respect of Fast Track Finsec Pvt. Ltd. in the matter of Spaceage Products Ltd & Specular Marketing Finance Ltd Page 4 of 25
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Source: SecMarx — sebi:Order/SM/DD/2021-22/15644. 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.