sebi:WTM/MPB/EFD-1-DRA-IV/45/2019
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Facts / Headnote
Show cause notice dated April 05, 2017 disposed without any directions; AKG, Crosseas and Adroit given benefit of doubt and exonerated
Provisions invoked
- s. 19
- s. 12A
Regulations
- Reg. 7
- Reg. 4
- Reg. 3
- Reg. 6
- Reg. 9
- Reg. 4(2)
- Reg. 3(a)
- Reg. 4(2)(g)
- Reg. 35
Parties
- AKG Securities and Consultancy Limited
- Adroit Financial Services Private Limited
- Crosseas Capital Services Private Limited
Holding
The show cause notice dated April 05, 2017 against AKG, Crosseas and Adroit was disposed without any directions, holding the alleged self-trades in Shilpi Cable Technologies Limited to be accidental and unintentional and the noticees entitled to benefit of doubt for alleged violations of PFUTP Regulations and Broker Code of Conduct.
Full text
Order in respect of AKG Securities and Consultancy Limited, Adroit Financial Services Private Limited and Crosseas Capital Services Private Limited in the matter of IPO of M/s Shilpi Cable Technologies Limited
Order in respect of AKG Securities and Consultancy Limited, Adroit Financial Services Private Limited and Crosseas Capital Services Private Limited in the matter of IPO of M/s Shilpi Cable Technologies Limited
Order in respect of AKG Securities and Consultancy Limited, Adroit Financial Services Private Limited and Crosseas Capital Services Private Limited in the matter of IPO of M/s Shilpi Cable Technologies Limited
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Source: SecMarx — sebi:WTM/MPB/EFD-1-DRA-IV/45/2019. 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.