sebi:SO/EFD-2/SD/236/JULY/2018
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Settled
Provisions invoked
- s. 15
Regulations
- Reg. 17
- Reg. 15
Parties
- SREI Multiple Asset Investment Trust
- SREI Alternative Investment Managers Limited
Holding
The pending proceedings under Section 15(I)(3) of the SEBI Act, 1992 against the applicants were settled as per the agreed terms, and SEBI shall not initiate any enforcement action against the applicants for the said default.
Full text
Settlement order on the application of SREI Multiple Asset Investment Trust and SREI Alternative Investment Managers Limited
Page 2 of 2 Four Hundred Thirty One only) towards the settlement charges. An undertaking by way of an affidavit dated May 02, 2018, confirming thereby that they have stopped granting loans from March 01, 2016, the amounts given as loans have been received back and in future, there will be no loan activity, has also been submitted by the applicants.
5. Accordingly, the pending proceedings under Section 15(I)(3) of the SEBI Act, 1992 for the default as discussed in paragraph 1 above, is settled qua the applicants as per the above terms, by way of this order and SEBI shall not initiate any enforcement action against the applicants for the said default.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:SO/EFD-2/SD/236/JULY/2018. 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.