sebi:WTM/SR/MIRSD/40/08/2016
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Facts / Headnote
Representation dated May 11, 2016 disposed of; no modification granted to the directions in paragraph 11.1(ii)(a) and (b) of the SEBI Order dated March 17, 2016.
Provisions invoked
- s. 19
Regulations
- Reg. 13
- Reg. 6
- Reg. 35
- Reg. 6A
Parties
- Altius Finserv Private Limited
- Shri Pawan Bansal
Holding
The representation by Altius Finserv and Shri Pawan Bansal seeking to change 'and' to 'or' in paragraph 11.1(ii)(a) and (b) of the SEBI Order dated March 17, 2016 was rejected, and the Order dated March 17, 2016 was held to require no modification at this juncture.
Full text
Page 2 of 9 1.4 Vide an e–mail dated August 12, 2014, SEBI sought clarification on the aforementioned news reports from Altius Finserv. A reply dated August 13, 2014, was received from Altius Finserv.
Page 3 of 9 relation to the applicant or the intermediary, the principal officer and the key management persons by whatever name called – a. Integrity, reputation and character; b. Absence of convictions and restraint orders; c. Competence including financial solvency and networth.”
Page 4 of 9 14, 2015. The aforementioned entities availed of the opportunity of personal hearing on the said date and also made further written submissions vide their letter dated October 28, 2015.
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Source: SecMarx — sebi:WTM/SR/MIRSD/40/08/2016. 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.