sebi:WTM/AB/DDHS/DDHS-RAC-POD-II/26151/2023-24
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Facts / Headnote
Clarification issued
Provisions invoked
- s. 19
Parties
- Rajesh Mokashi
Holding
The phrase “directly or indirectly, in any manner whatsoever” in paragraph 120 of the Order dated April 20, 2023 against Rajesh Mokashi is clarified to mean “either as a Director or as a Key Managerial Person”. The April 20, 2023 Order shall always be read with this clarification.
Full text
SECURITIES AND EXCHANGE BOARD OF INDIA, MUMBAI ADDENDUM TO THE ORDER DATED APRIL 20, 2023, BEARING REFERENCE NO. WTM/ASB/DDHS/DDHS–RAC–POD–II/25845/2023–24 IN THE MATTER OF CARE RATINGS LTD.
1. Securities and Exchange Board of India (“SEBI”) had passed an Order dated April 20, 2023, bearing reference No. WTM/ASB/DDHS/DDHS–RAC–POD– II/25845/2023–24, in the matter of CARE Ratings Ltd. (“Order dated April 20, 2023”). In paragraph 120 of the aforementioned Order, the following direction was issued against Rajesh Mokashi (“Noticee 2”):
“In view of the aforesaid findings and having regard to the facts and circumstances of the case, I, in exercise of the powers conferred upon me under Section 19 read with Sections 11(1), 11(4) and 11B(1) hereby direct that Noticee 2 shall not be associated with any SEBI registered intermediary, directly or indirectly, in any manner whatsoever, for a period of two years.”
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Source: SecMarx — sebi:WTM/AB/DDHS/DDHS-RAC-POD-II/26151/2023-24. 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.