sebi:SO/BM/DS/2023-24/6812
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Facts / Headnote
Adjudication proceedings disposed of by settlement
Provisions invoked
- s. 15H
- s. 15J
Regulations
- Reg. 10
- Reg. 25
- Reg. 28
- Reg. 23(1)
Parties
- RKSV Securities India Private Limited
Holding
The adjudication proceedings initiated against RKSV Securities India Private Limited vide SCN dated January 25, 2022 is disposed of in terms of section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations on the basis of the settlement terms.
Full text
Settlement Order in respect of RKSV Securities India Private Limited Page 2 of 3 section 15HB of SEBI Act for the alleged violation of the aforesaid provisions. The said SCN was delivered to the Noticee on January 27, 2022.
Settlement Order in respect of RKSV Securities India Private Limited Page 3 of 3 7. Subsequently, the applicant vide email dated October 31, 2023 informed about the remittance of the settlement amount, the receipt of which is confirmed.
4. Pending Adjudication Proceedings, the Noticee proposed to settle the instant proceedings initiated against it, without admitting or denying the findings of facts and conclusions of law, through a settlement order and filed a settlement application with SEBI bearing Settlement Application No. 6812/2022 dated April 07, 2022 in terms of the provisions of SEBI (Settlement Proceedings) Regulations, 2018 (hereinafter referred to as “Settlement Regulations”).
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Source: SecMarx — sebi:SO/BM/DS/2023-24/6812. 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.