sebi:Order/SM/SM/2025-26/32200-32201
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Facts / Headnote
Noticees held liable for violations of SEBI (ICDR) Regulations, 2018 and SEBI (LODR) Regulations, 2015; penalty imposed under Section 15A(b) of SEBI Act, 1992 (amount not specified in extract)
Provisions invoked
- s. 11B
- s. 11
- s. 15A
- s. 15
- s. 19
- s. 10
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 5
- Reg. 2
- Reg. 4(2)(f)
- Reg. 4(2)(f)(i)
- Reg. 32
- Reg. 4(1)(d)
- Reg. 32(1)
- Reg. 12
- Reg. 66
- Reg. 162A
- Reg. 162A(4)
- Reg. 162A(1)
Parties
- IM+ Capital Limited
- Mr. Vishal Singhal (Whole Time Director)
Holding
The Noticees violated Regulation 162A(1) and 162A(4) of ICDR Regulations for failure to make arrangements for monitoring of issue proceeds and for delayed submission of monitoring agency reports, and violated Regulation 32(1) of LODR Regulations read with Regulation 4(1)(d), 4(1)(g) and 4(1)(h) for failure to place statement of deviation before the Audit Committee.
Full text
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Source: SecMarx — sebi:Order/SM/SM/2025-26/32200-32201. 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.