𝐑𝐞𝐠𝐬𝐭𝐫𝐞𝐞𝐭 𝐋𝐚𝐰 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐬 𝐀𝐜𝐡𝐢𝐞𝐯𝐞𝐬 𝐋𝐚𝐧𝐝𝐦𝐚𝐫𝐤 𝐕𝐢𝐜𝐭𝐨𝐫𝐲 𝐟𝐨𝐫 𝐚 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐌𝐞𝐫𝐜𝐡𝐚𝐧𝐭 𝐁𝐚𝐧𝐤𝐞𝐫 𝐢𝐧 𝐒𝐄𝐁𝐈 𝐏𝐫𝐨𝐜𝐞𝐞𝐝𝐢𝐧𝐠𝐬

Regstreet Law Advisors successfully represented Pantomath Capital Advisors Private Limited, a SEBI-registered Merchant Banker, before SEBI in allegations concerning (i) submission of incorrect data in the half-yearly report, (ii) non-appointment of a Compliance Officer, and (iii) submission of an unsigned (computer-generated signature) due diligence certificate to SEBI in IPOs.

Following an inspection, SEBI alleged violations of the SEBI Merchant Bankers Regulations, 1992 (“𝐌𝐁 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬”) and applicable Circulars issued thereunder, seeking to impose a penalty under Section 15HB of the SEBI Act, 1992.

We are pleased to inform that SEBI considered the detailed submissions, facts and circumstances and accordingly has disposed of the Show Cause Notice.

This is a landmark order, intersecting the Companies Act, 2013; SEBI LODR Regulations; SEBI ICDR Regulations; and the MB Regulations.

A copy of the SEBI order, as available on its website publicly, is enclosed.

Regulatory law enthusiasts are encouraged to share their views with Regstreet Law Advisors at info@regstreetlaw.com.