SEBI Schedules Critical Hearing for Quinn Tradecom in Sharpline Broadcast Matter
Regulatory scrutiny intensified on market participant Quinn Tradecom Pvt Ltd as SEBI released a formal Notice of Hearing. This significant step grants the company another opportunity to present its case before the Quasi Judicial Authority regarding the ongoing matter involving Sharpline Broadcast Limited. The proceedings are set for July 30, 2026.Details of the Regulatory Scrutiny
The notice refers directly back to a Show Cause Notice (SCN) that was initially issued on March 28, 2024. This action indicates ongoing regulatory oversight concerning compliance issues involving Quinn Tradecom Pvt Ltd. The matter is being heard by Shri Santosh Kumar Shukla, acting as the Quasi Judicial Authority.The scheduled personal hearing at SEBI Bhavan III, located in the Bandra Kurla Complex (BKC), Mumbai, provides a structured avenue for the Noticee to address the concerns raised in the previous notice. This gives Quinn Tradecom time to consolidate its defense and present evidence related to the SCN.
Mandatory Requirements for Hearing Attendance
SEBI has issued strict procedural guidelines regarding attendance at the specified venue. Companies or representatives intending to appear must ensure they adhere to all documentary requirements. The Noticee is strictly required to bring both the original and a photocopy of the Identity Card, along with the original Authorization Letter and PAN card.The notice underscores the gravity of non-compliance. It explicitly warns that should Quinn Tradecom Pvt Ltd fail to appear before the Quasi Judicial Authority on July 30, 2026, at 14:30 PM, it will be presumed that they have nothing further to state in the matter. In such an instance, the case will proceed based solely on the material available and recorded by SEBI.
Procedural Obligations and Compliance Acknowledgment
In addition to personal attendance or opting for video conferencing, the Noticee must fulfill specific procedural requirements detailed within the notice. The company must formally acknowledge receipt of the hearing notice. This acknowledgment needs to be confirmed in writing, either through a formal letter or via email communication.All communications regarding the reception and commitment to the hearing date must be directed to the specified SEBI officials: sgpatra@sebi.gov.in (Division Chief), manojc@sebi.gov.in (Dealing Officer), and rohani@sebi.gov.in (Dealing Officer). This ensures clear record-keeping of all compliance efforts.
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