sebi:WTM/TCN/78/IVD/02/08
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Facts / Headnote
Proceedings closed; show cause proceedings dropped in favour of pending Adjudication Proceedings
Provisions invoked
- s. 11B
- s. 11(4)
- s. 11(3)
- s. 11
- s. 15
- s. 15H
Parties
- M/s. SBI Capital Markets Ltd
- M/s. Enam Financials Consultants Pvt. Ltd
- M/s. J M Morgan Stanley Pvt. Ltd
- M/s. SSKI Corporate Finance Pvt. Ltd.
Holding
The Whole Time Director closed the proceedings pending before him pursuant to the show cause notices dated April 13, 2006 issued to the four BRLMs, holding that no useful purpose would be served by continuing two parallel proceedings and that the interest of justice would be met by conducting only the Adjudication Proceedings.
Full text
Page 2 of 8 Shri Pratik Shri Antony Kottachap For SEBI : Shri M. S. Ray – Executive Director Shri Praveen Trivedi- Deputy Legal Advisor Shri Rishikesh Tamaskar- Manager Shri Prabhat Bhardwaj- Manager Shri Amitesh Kumar- Legal Officer
Page 3 of 8 Morgan Stanley Pvt. Ltd and M/s. SSKI Corporate Finance Pvt. Ltd., the noticees herein. The issue opened on July 07, 2005 and closed on July 13,
Page 4 of 8 (hereinafter referred to as ‘Merchant Bankers Rules’) and SEBI (Merchant Bankers) Regulations, 1992 (hereinafter referred to as ‘Merchant Bankers Regulations’).
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Source: SecMarx — sebi:WTM/TCN/78/IVD/02/08. 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.