sebi:SO//EFD2/2025-26/8428
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Facts / Headnote
Disposed of by settlement
Provisions invoked
- s. 11B
- s. 19
- s. 15H
- s. 15J
Regulations
- Reg. 10
- Reg. 25
- Reg. 28
- Reg. 14(3)
- Reg. 23
Parties
- Deepak Agrawal
Holding
The proceedings initiated against Deepak Agrawal vide SCN dated January 20, 2025 are disposed of in terms of settlement upon payment of Rs. 85,80,000 and redemption of 43,310.73 units credited back to the respective schemes, without admitting or denying the findings of facts and conclusions of law.
Full text
Settlement Order in respect of Deepak Agrawal in the matter of Axis Mutual Fund Page 2 of 4 2.3 The applicant passed on information to the employees of listed equity alternatives inducing them to buy / sell securities which were being bought and/or sold by the mutual fund in violation of Regulation 25 (6B) (b) read with Clauses 1(b), 1( e), 1(f) and 1 (g) of Part-B of Fifth Schedule of SEBI (Mutual Funds) Regulations, 1996.
Settlement Order in respect of Deepak Agrawal in the matter of Axis Mutual Fund Page 3 of 4 7. The High Powered Advisory Committee (HPAC) in its meeting held on June 5, 2025
Settlement Order in respect of Deepak Agrawal in the matter of Axis Mutual Fund Page 4 of 4 10.2.2 The Applicant breaches any of the clauses / conditions of undertakings or waivers filed during the current settlement proceedings; or 10.2.3 There was a discrepancy while arriving at the settlement terms.
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Source: SecMarx — sebi:SO//EFD2/2025-26/8428. 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.