sebi:SO/EFD-2/SD/239/SEPT/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
Regulations
- Reg. 3
- Reg. 17
- Reg. 15
- Reg. 18(22)
Parties
- SBI Mutual Fund
Holding
The pending proceedings under the SEBI (Intermediaries) Regulations, 2008 against SBI Mutual Fund in the matter of Padmini Technologies Limited are settled qua the applicant on payment of settlement charges and Investor Protection and Education Fund amount with non-monetary undertakings. SEBI shall not initiate any enforcement action against the applicant for the said alleged defaults subject to the conditions stated in the order.
Full text
Settlement order in the matter of Padmini Technologies Limited Page 1 of 3 SO/EFD-2/SD/239/SEPT/2018 BEFORE THE SECURITIES AND EXCHANGE BOARD OF INDIA SETTLEMENT ORDER On Application No. 3403 of 2017 Filed by SBI Mutual Fund [PAN: AAACS7339D] In the matter of Padmini Technologies Limited
Settlement order in the matter of Padmini Technologies Limited Page 2 of 3 Protection and Education Fund of SEBI and compliance with non-monetary settlement terms viz. implementation of enhanced policies and procedures to prevent future securities laws violations; appoint/ retain an independent consultant to review its policies and procedures, provide enhanced training and education to its employees.
Settlement order in the matter of Padmini Technologies Limited Page 3 of 3 b. the applicant has breached any of the clauses/ conditions of undertakings/ waivers filed during the present settlement proceedings.
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/239/SEPT/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.