sebi:WTM/AB/IVD/ID2/14669/2021-22
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Facts / Headnote
Violation held proved but DA recommendation of 14-day suspension not accepted; noticee warned to be careful in future
Provisions invoked
- s. 19
- s. 2(27)
- s. 80J
- s. 10(27)
Regulations
- Reg. 27
- Reg. 9
- Reg. 28
- Reg. 26
- Reg. 25
- Reg. 27(5)
- Reg. 28(1)
- Reg. 27(1)
Parties
- Monarch Networth Capital Ltd.
Holding
Monarch Networth Capital Ltd., as successor by merger to Monarch Project & Finmarkets Ltd. and Monarch Research & Brokerage Pvt. Ltd., violated Broker Regulations by executing trades for Mr. Vinod Kumar Bafna while he was restrained by SEBI Order dated April 23, 2009, but suspension was not imposed and only a warning was issued.
Full text
Order in the matter of Monarch Networth Capital Ltd. Page 1 of 13 WTM/AB/IVD/ID2/14669/2021-22 SECURITIES AND EXCHANGE BOARD OF INDIA FINAL ORDER
Order in the matter of Monarch Networth Capital Ltd. Page 2 of 13 3. In the ER dated May 25, 2012 in respect of MPFL and ER dated May 25, 2012 in respect of MRBPL, the DA had recommended the following:
Order in the matter of Monarch Networth Capital Ltd. Page 3 of 13 Vinod Kumar Bafna from buying, selling or dealing in securities market including in Initial Public Offerings, in any manner, either directly or indirectly until further
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Source: SecMarx — sebi:WTM/AB/IVD/ID2/14669/2021-22. 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.