sebi:Order/SV/GD/2023-24/30168
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Facts / Headnote
Penalty of Rs. 15,00,000 imposed on Noticee under Section 15HB of SEBI Act, 1992
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 13
- Reg. 3
- Reg. 60
- Reg. 262
Parties
- Sarthi Capital Advisors Private Limited
Holding
Noticee violated SEBI Circular CIR/MIRSD/1/2012, SEBI Circular No.1 dated June 5, 1998 and NISM certification requirements, but did not violate Regulation 13 read with Clause 4 of Schedule III on due diligence for expired quotations, and penalty of Rs. 15,00,000 under Section 15HB was imposed.
Full text
Adjudication Order in the matter of Sarthi Capital Advisors Private Ltd. Page 2 of 25 were recorded as inspection report and findings were communicated to the Noticee vide SEBI letter dated September 14, 2022 and February 08, 2023. The Noticee submitted its comments / explanations on the aforesaid findings / observations of the inspection vide its letter/email dated September 19, 2022 and February 10,
Adjudication Order in the matter of Sarthi Capital Advisors Private Ltd. Page 3 of 25 violation of the provisions mentioned at para 2. The SCN, inter alia, alleged the following:
Adjudication Order in the matter of Sarthi Capital Advisors Private Ltd. Page 4 of 25 BALANCE AS ON 01.04.2022 26766000 10988000 1310491 FUND UTLISED UPTO 30.06.2022
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Source: SecMarx — sebi:Order/SV/GD/2023-24/30168. 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.