sebi:WTM/AS/IMD/IMD-SEC-3/31196/2024-25
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Facts / Headnote
Interim directions requiring net-worth compliance within 15 days and restraining onboarding of new clients or acceptance of additional funds till compliance, with show-cause for transfer of activities, market access bar and penalty.
Provisions invoked
- s. 15A
- s. 19
- s. 11B(2)
Regulations
- Reg. 7
- Reg. 11
- Reg. 9
- Reg. 10
- Reg. 35
- Reg. 11(e)
Parties
- Scient Capital Private Limited
Holding
SEBI directed Scient Capital Private Limited to restore minimum net worth of Rs 5 crores within 15 days and prohibited onboarding new clients or accepting additional funds till compliance. The order was also issued as show-cause for transfer of activities, restraint from securities market and penalty.
Full text
Interim Order cum Show Cause Notice in respect of Scient Capital Private Limited Page 2 of 11 2. Before discussing the findings of the examination, it would be relevant to mention the applicable regulatory provisions:
Interim Order cum Show Cause Notice in respect of Scient Capital Private Limited Page 3 of 11 SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007
Interim Order cum Show Cause Notice in respect of Scient Capital Private Limited Page 4 of 11 the NISM-Series-XXI-B: Portfolio Managers Certification Examination within two years from the date of this notification:
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Source: SecMarx — sebi:WTM/AS/IMD/IMD-SEC-3/31196/2024-25. 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.