sebi:SO/NH/RJ/2024-25/7414
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Facts / Headnote
Disposed of by settlement
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
- Reg. 2
- Reg. 13
- Reg. 24
Parties
- ICICI Securities Limited
Holding
The adjudication proceedings initiated against ICICI Securities Limited vide Show Cause Notice ref no. SEBI/HO/EAD2/NH/RJ/2023/44029/1 dated October 31, 2023 are 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 upon payment of Rs. 69,82,500/-.
Full text
Settlement Order in the matter of inspection of ICICI Securities Limited - Merchant Banker Page 2 of 5 committed by the Applicant and the corresponding provision of the securities law are tabulated below: Table 1 Sr. No. Alleged Violation Regulatory Provisions
Settlement Order in the matter of inspection of ICICI Securities Limited - Merchant Banker Page 3 of 5 SHOW CAUSE NOTICE
Settlement Order in the matter of inspection of ICICI Securities Limited - Merchant Banker Page 4 of 5 by the Applicant. The HPAC recommended that the request of the Applicant for settlement may be settled upon payment of Rs. 69,82,500/- (Rupees Sixty-Nine Lakhs Eighty-Two Thousand Five Hundred only) as settlement amount, with a suggestion that the Applicant take appropriate action against the officers-in-default and inform SEBI of the same.
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Source: SecMarx — sebi:SO/NH/RJ/2024-25/7414. 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.