sebi:Order/VV/DD/2023-24/28475-28477
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Facts / Headnote
Violations established against Noticee Nos. 1, 2 and 3; monetary penalty imposed (amount not specified in provided text)
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 173(2)
- s. 15J
- s. 15F
- s. 28A
- s. 2(1)
- s. 23A
- s. 23J
- s. 23
- s. 21
- s. 23H
- s. 9(1)
- s. 25(1)
- s. 134
- s. 132
Regulations
- Reg. 2(1)
- Reg. 26(1)
- Reg. 14
- Reg. 14(1)
- Reg. 27
- Reg. 40
- Reg. 201
- Reg. 26
- Reg. 26(2)
- Reg. 27(2)
- Reg. 4
- Reg. 33
- Reg. 4(1)
- Reg. 33(1)
- Reg. 2
- Reg. 2(1)(j)
- Reg. 2(j)
- Reg. 40(1)
Parties
- Metropolitan Stock Exchange of India Limited
- Ms. Latika Kundu
- Mr. Saket Bhansali
Holding
The Adjudicating Officer held that Noticee 1 (MSEI) violated Regulation 33(1) of SECC Regulations read with Regulation 4(1) of LODR Regulations and Clauses 25-26 of Indian Accounting Standard 1, and Regulation 2(1)(j) read with Regulation 27(2), 27(3) and 27(5) of SECC Regulations; Noticee 2 (Ms. Latika Kundu, MD & CEO) violated multiple clauses of the Code of Conduct and Code of Ethics as well as Regulation 27 provisions; and Noticee 3 (Mr. Saket Bhansali, Head-HR) violated Code of Conduct and Code of Ethics clauses. Monetary penalties were imposed on all three Noticees.
Full text
Adjudication Order in respect of Metropolitan Stock Exchange of India Limited, Ms. Latika Kundu and Mr. Saket Bhansali in the matter of Metropolitan Stock Exchange of India Limited Page 2 of 67
Adjudication Order in respect of Metropolitan Stock Exchange of India Limited, Ms. Latika Kundu and Mr. Saket Bhansali in the matter of Metropolitan Stock Exchange of India Limited Page 3 of 67
Adjudication Order in respect of Metropolitan Stock Exchange of India Limited, Ms. Latika Kundu and Mr. Saket Bhansali in the matter of Metropolitan Stock Exchange of India Limited Page 4 of 67
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