sebi:SO/SM/AD/2023-24/7177

SEBI · SEBI · 2023-02-16 · SOMA MAJUMDER, Adjudicating Officer

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

Disposed of in terms of Section 15JB of the SEBI Act read with Regulation 23(1) of the Settlement Regulations on payment of settlement amount and fulfilment of non-monetary term

Provisions invoked

Regulations relied on

Parties

Holding

The adjudication proceedings initiated against IDBI Capital Markets & Securities Ltd by Show Cause Notice dated February 16, 2023 are disposed of in terms of Section 15JB of the SEBI Act read with Regulation 23(1) of the Settlement Regulations upon payment of Rs 13,00,000 and fulfilment of the non-monetary term.

Full text

Settlement Order in respect of IDBI Capital Markets & Securities Ltd in the matter of front running by Kajal Ilesh Savla

Settlement Order in respect of IDBI Capital Markets & Securities Ltd in the matter of front running by Kajal Ilesh Savla

Settlement Order in respect of IDBI Capital Markets & Securities Ltd in the matter of front running by Kajal Ilesh Savla

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Source: SecMarx — sebi:SO/SM/AD/2023-24/7177. 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.