sebi:QJA/KS/MIRSD/MIRSD_DPIEA/29161/2023-24
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Facts / Headnote
Noticee found to have violated multiple provisions; DA's recommendation accepted; directions issued under Sections 12(3) and 19 of SEBI Act read with Regulation 27(5) of Intermediaries Regulations
Provisions invoked
- s. 11B
- s. 11
- s. 11(1)
- s. 12A
- s. 12
- s. 27
- s. 25
- s. 12A(1)
Regulations
- Reg. 6
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 17
- Reg. 27
- Reg. 21
- Reg. 9
- Reg. 23
- Reg. 9(e)
- Reg. 3(d)
- Reg. 24
- Reg. 25
- Reg. 26
- Reg. 27(1)
- Reg. 9(g)
- Reg. 4(2)(p)
Parties
- Guiness Securities Ltd.
Holding
The Noticee (Guiness Securities Ltd.) was held to have violated multiple provisions including Regulation 9(e), 9(g), 17, and 21 of SEBI (Stock Brokers) Regulations, 1992, Regulations 3(d), 4(1), and 4(2)(p) of PFUTP Regulations, 2003 read with Section 12A of SEBI Act, Clause 12 of Annexure A of SEBI Circular SEBI/MIRSD/SE/Cir-19/2009, and SEBI Circular SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95. The DA's recommendation was accepted and directions were issued under Sections 12(3) and 19 of SEBI Act read with Regulation 27(5) of Intermediaries Regulations.
Full text
__________________________________________________________________________________ Order in the Enquiry Proceedings against Guiness Securities Ltd. Page 2 of 67
__________________________________________________________________________________ Order in the Enquiry Proceedings against Guiness Securities Ltd. Page 3 of 67
__________________________________________________________________________________ Order in the Enquiry Proceedings against Guiness Securities Ltd. Page 4 of 67
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Source: SecMarx — sebi:QJA/KS/MIRSD/MIRSD_DPIEA/29161/2023-24. 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.