sebi:SO/JS/YK/2025-26/8035
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated July 08, 2024 disposed of in terms of section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations on the basis of settlement terms
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 10
- Reg. 25
- Reg. 28
- Reg. 23(1)
Parties
- KFin Technologies Limited
Holding
The adjudication proceedings initiated against KFin Technologies Limited vide SCN Ref. No. SEBI/EAD-2/NH/YK/22377/2024 dated July 08, 2024 is disposed of in terms of section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations upon acceptance of settlement terms and receipt of Rs. 87,75,000.
Full text
Settlement Order in the matter of KFin Technologies Limited Page 2 of 4 alleged that the Applicant had violated the provisions of clause (II)(13) of annexure to SEBI Circular No. SEBI/HO/MIRSD/DOP1/CIR/P/2018/73 dated April 20, 2018 read with clause II(12) of annexure 6 to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2023/70 dated May 17, 2023.
Settlement Order in the matter of KFin Technologies Limited Page 3 of 4 justice, an opportunity of personal hearing was granted to Applicant before the erstwhile AO on October 11, 2024.
Settlement Order in the matter of KFin Technologies Limited Page 4 of 4 ORDER 9. Therefore, in view of the acceptance of the settlement terms and the receipt of the settlement amount by SEBI, the instant adjudication proceedings initiated against the Applicant vide SCN Ref. No. SEBI/EAD-2/NH/YK/22377/2024 dated July 08, 2024, 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.
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Source: SecMarx — sebi:SO/JS/YK/2025-26/8035. 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.