M/s. Triveni Management Consultancy Services Ltd.
Penalties and directions recorded
- SEBI penalty upheld in principle but reduced from Rs. 1,50,000 to Rs. 50,000
- Impugned AO order imposed Rs 20 lakh under 15HA and Rs 5 lakh under 15HB; SAT final disposal not contained in excerpt
SAT-appeal
- Procedural deficiencies in KYC and agreements, anti-money-laundering compliance, SEBI circular compliance, margin collection/reporting, client account analysis, funds/securities handling, balances, and third-party receipts.Appeal disposed of · SEBI penalty upheld in principle but reduced from Rs. 1,50,000 to Rs. 50,000Appeal: Appeal No. 148 of 2013, decided on 10 October 2013; disposed of with penalty reduced
- Allegedly aided clients connected with the Mehta Group in synchronized, structured and circular trades across multiple scrips, creating artificial volumes and influencing prices, while failing to exercise due care and diligence.Appeal: Appeal No. 43 of 2013, filed against the SEBI Adjudicating Officer's order dated 9 January 2013; decision dated 31 October 2013. The extracted text ends before the final disposal portion.
- Aiding Mehta Group in synchronized/structured reversal trades creating artificial volumes in Asian Star Company Ltd scrip and failing broker KYC and due diligence obligations.Impugned AO order imposed Rs 20 lakh under 15HA and Rs 5 lakh under 15HB; SAT final disposal not contained in excerpt
Source: SecMarx — M/s. Triveni Management Consultancy Services Ltd.. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.