sebi:SO/NH/RJ/2024-25/7921
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Facts / Headnote
Adjudication proceedings disposed of as settled upon payment of settlement amount
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 14(3)
- Reg. 23(1)
- Reg. 43
- Reg. 32(1)
- Reg. 31(2)(a)
Parties
- SBI-SG Global Securities Services Private Limited
Holding
The adjudication proceedings initiated against the Applicant vide Show Cause Notice dated May 08, 2024 are disposed of as settled upon payment of Rs. 29,25,000 in terms of Section 15JB of the SEBI Act read with Regulation 23(1) of the Settlement Regulations.
Full text
Settlement Order in the matter of inspection of SBI-SG Global Securities Services Private Limited Page 2 of 5 SEBI Circular SEBI/HO/IMD/FPI&C/ CIR/P/2021/045 dated March 30, 2021 (hereinafter referred to as “SEBI Circular dated March 30, 2021”) were alleged.
Settlement Order in the matter of inspection of SBI-SG Global Securities Services Private Limited Page 3 of 5 SHOW CAUSE NOTICE
Settlement Order in the matter of inspection of SBI-SG Global Securities Services Private Limited Page 4 of 5 11. The High Powered Advisory Committee (hereinafter referred to as “HPAC”), in its meeting held on October 28, 2024, considered the revised settlement terms proposed by the Applicant. The HPAC recommended that the matter may be settled upon payment of Rs. 29,25,000/- (Rupees Twenty-Nine Lakhs Twenty-Five Thousand only) as the settlement amount.
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Source: SecMarx — sebi:SO/NH/RJ/2024-25/7921. 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.