sebi:SO/NH/RJ/2024-25/7503
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Facts / Headnote
Adjudication proceedings 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.
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 13
- Reg. 25
- Reg. 28
- Reg. 14(3)
- Reg. 23(1)
Parties
- Infomerics Valuation and Rating Pvt. Ltd.
Holding
The adjudication proceedings initiated against Infomerics Valuation and Rating Pvt. Ltd. vide Show Cause Notice dated October 31, 2023 are disposed of on the basis of the settlement terms, which included payment of Rs. 57,63,750/- as the settlement amount.
Full text
Settlement Order in the matter of Thematic Inspection of Credit Rating Agencies (CRAs) – Infomerics Valuation and Rating Pvt. Ltd. Page 2 of 6 “CRA Regulations”) and SEBI Circular No. SEBI/HO/MIRSD/DOS3/CIR/P/2019/70 dated June 13, 2019 (hereinafter referred to as “SEBI Circular dated June 13, 2019”) were alleged. The extracts of the violations alleged to have been 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 Thematic Inspection of Credit Rating Agencies (CRAs) – Infomerics Valuation and Rating Pvt. Ltd. Page 3 of 6 as “SEBI Act”), read with Rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter referred to as “Adjudication Rules”), to inquire into and adjudge under the provisions of Section 15HB of the SEBI Act for the aforementioned violations of the provisions of law alleged to have been committed by the Applicant.
Settlement Order in the matter of Thematic Inspection of Credit Rating Agencies (CRAs) – Infomerics Valuation and Rating Pvt. Ltd. Page 4 of 6 February 06, 2024 and the Applicant was granted time till January 29, 2024 to submit a reply.
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Source: SecMarx — sebi:SO/NH/RJ/2024-25/7503. 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.