sebi:SO/BM/JR/2023-24/7223
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Facts / Headnote
Disposed of by settlement
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
- Reg. 60(2)
- Reg. 53
- Reg. 57(1)
- Reg. 57(2)
Parties
- Utkarsh Small Finance Bank Limited
Holding
The adjudication proceedings initiated against Utkarsh Small Finance Bank Limited vide SCN dated March 16, 2023 are disposed of on settlement basis in terms of Section 15JB of the SEBI Act read with Regulation 23(1) of the Settlement Regulations.
Full text
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l) Regulation 53 of LODR Regulations; m) Regulation 57(1) of LODR Regulations; n) Regulation 57(2) of LODR Regulations; o) Regulation 60(2) of LODR Regulations; p) Violation of SEBI Circular dated June 30, 2017
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Source: SecMarx — sebi:SO/BM/JR/2023-24/7223. 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.