sebi:SO/AN/RG/2024-25/7504-7508
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Facts / Headnote
Adjudication proceedings disposed of as settled in terms of Section 15JB read with Regulation 23(1) upon receipt of settlement amount
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15E
Regulations
- Reg. 25
- Reg. 28
- Reg. 18(9)
- Reg. 23(1)
Parties
- HSBC Asset Management (India) Private Limited
- Ms. Jasmine Batliwala
- Mr. Nani Javeri
- Ms. Ho Wai Fun
- Dr. T. C. Nair
Holding
The adjudication proceedings initiated against the five Noticees vide SCN No. SEBI/EAD/SM/S./31517/1-5/2023 dated August 04, 2023 are disposed of in terms of Section 15JB of the SEBI Act, 1992 read with Regulation 23(1) of the Settlement Regulations upon receipt of the settlement amount.
Full text
Settlement Order in the matter of HSBC Mutual Fund Page 2 of 4 2. Vide communique dated July 27, 2023, SEBI appointed Ms. Soma Majumder, General Manager, as the Adjudicating Officer (erstwhile AO) under Section 15-I of SEBI Act, 1992 and Rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter also referred to as ‘Adjudication Rules’) r/w Section 19 of the SEBI Act to inquire into and adjudge under section 15E and 15HB of the SEBI Act, 1992, the alleged violations in respect of the Noticees. Pursuant to transfer of Ms. Soma Majumder, the undersigned was appointed as the Adjudicating Officer vide communique dated December 19, 2023.
Settlement Order in the matter of HSBC Mutual Fund Page 3 of 4 August 04, 2023, without admitting or denying the observations of SEBI in the Notice, in terms of the provisions of SEBI (Settlement Proceedings) Regulations, 2018 (hereinafter also referred to as “Settlement Regulations”).
Settlement Order in the matter of HSBC Mutual Fund Page 4 of 4 10. In view of the receipt of settlement amount as above by SEBI, the instant Adjudication Proceedings initiated against the Noticees viz., HSBC Asset Management (India) Private Limited, Ms. Jasmine Batliwala, Mr. Nani Javeri, Ms. Ho Wai Fun, Dr. T. C. Nair vide aforesaid Show Cause Notice No. SEBI/EAD/SM/S./31517/1-5/2023 dated August 04, 2023, are hereby disposed of in terms of Section 15JB of the SEBI Act, 1992 read with Regulation 23(1) of SEBI (Settlement Proceedings) Regulations, 2018.
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Source: SecMarx — sebi:SO/AN/RG/2024-25/7504-7508. 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.