sebi:SO/AS/AK/2022-23/6923
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated March 31, 2022 disposed of in terms of accepted settlement terms upon payment of settlement amount.
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15H
Regulations
- Reg. 13
- Reg. 25
- Reg. 28
- Reg. 18(1)
- Reg. 23(1)
- Reg. 7(1)
- Reg. 39
- Reg. 40(3)
- Reg. 9A(1)(b)
- Reg. 9A(1)
Parties
- KFin Technologies Pvt. Ltd.
Holding
The adjudication proceedings initiated against KFin Technologies Pvt. Ltd. vide SCN dated March 31, 2022 are disposed of in terms of the accepted settlement terms upon payment of Rs. 91,20,000 without admitting or denying the findings of fact and conclusions of law.
Full text
Settlement Order in the matter of KFin Technologies Pvt. Ltd. Page 2 of 5 comments/explanations given by Kfin, interalia the following alleged violation were observed by SEBI:
Settlement Order in the matter of KFin Technologies Pvt. Ltd. Page 3 of 5 f. Regulation 18(1) of RTI and STA Regulations read with clause 1, 17 and 18 of the code of conduct stipulated under regulation 13 of the RTI and STA Regulations by misrepresenting facts to SEBI regarding availability of specimen signature of shareholders.
Settlement Order in the matter of KFin Technologies Pvt. Ltd. Page 4 of 5 Terms (“RST”) dated August 24, 2022, proposed Settlement amount payment of ₹91,20,000 /- (Rupees Ninety One Lakh Twenty Thousand Only) towards full and final settlement of alleged default contained in the SCN.
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Source: SecMarx — sebi:SO/AS/AK/2022-23/6923. 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.