sebi:Order/VKV/NK/2020-21/10798

SEBI · SEBI · 2018-10-03 · Vijayant Kumar Verma, Adjudicating Officer

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Facts / Headnote

SCN dated October 3, 2018 disposed of; no further inquiry required under Rule 4(3) of the Adjudication Rules

Provisions invoked

• s. 15
• s. 19
• s. 15H

Regulations

• Reg. 26

Parties

• Vimal Finstock Private Limited

Holding

The SCN dated October 3, 2018 issued to Vimal Finstock Private Limited is disposed of with no further inquiry required under Rule 4(3) of the Adjudication Rules.

Full text

Adjudication order in respect of Vimal Finstock Private Limited Page 2 of 3 above, SEBI had initiated adjudication proceedings against the Noticee under section 15HA of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as ‘SEBI Act’).

Adjudication order in respect of Vimal Finstock Private Limited Page 3 of 3 ORDER 7. In view of the above facts and circumstances of the case, I am of the opinion that no further inquiry is required under Rule 4(3) of the Adjudication Rules in the present matter and the SCN dated October 3, 2018 issued to the Noticee is disposed of accordingly.

APPOINTMENT OF ADJUDICATING OFFICER 3. Initially, Shri Sahil Malik was appointed as the Adjudicating Officer (AO) by SEBI, under Section 19 of the Securities and Exchange Board of India Act, (hereinafter referred to as “SEBI Act”) read with Section 15-I (1) of the SEBI Act and Rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter referred to as “Adjudication Rules”) Subsequently, in the matter the undersigned has been appointed as AO by SEBI, on August 13, 2019, in the place of Shri Sahil Malik to inquire into and adjudge, the violation alleged to have been committed by the Noticee.

Source: SecMarx — sebi:Order/VKV/NK/2020-21/10798. 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.