sebi:SO/AN/EFD2/2023-24/7180
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Facts / Headnote
Proceedings initiated vide Post Enquiry SCN dated November 21, 2022 disposed of by settlement
Provisions invoked
- s. 19
- s. 15J
- s. 12(3)
Regulations
- Reg. 25
- Reg. 28
- Reg. 23
- Reg. 35(1)(b)
Holding
The proceedings initiated against the Applicant vide Post Enquiry SCN dated November 21, 2022 are disposed of upon payment of Rs.15,13,600 as settlement amount, without admitting or denying the findings of fact and conclusions of law.
Full text
Page 2 of 4 format. The said reports were supposed to be sent to the email ID aifreporting@sebi.gov.in within 7 calendar days from the end of the quarter / month until the online reporting system is made available. Vide circular no. SEBI/HO/IMD/DF1/CIR/P/2017/87 dated July 31, 2017 (“2017 Circular”), the compliance reports were mandated to be submitted online through the SEBI Intermediary Portal (“SI Portal”) at https://sipportal.sebi.gov.in with immediate effect i.e, from July 31, 2017. The DA has noted that the Applicant failed to file the quarterly report for quarters December, 2020, March, 2021, June 2021, and September, 2021 despite several letters/emails sent to it dated September 03, 2019, November 28, 2019, February 08, 2021, May 06, 2021, October 06, 2021 and October 22, 2021.
Page 3 of 4 SEBI to settle the instant proceedings, without admitting or denying the findings of fact and conclusions of law, through a settlement order.
Page 4 of 4 7. This Settlement Order shall come into force with immediate effect. 8. In terms of regulation 25 of the Settlement Regulations, a copy of this order shall be sent to the Applicant and shall also be published on the website of SEBI.
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Source: SecMarx — sebi:SO/AN/EFD2/2023-24/7180. 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.