sebi:CFD/EAD-6/AO/AK/23/2015
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Facts / Headnote
Consent order disposing of pending adjudication proceedings on payment of settlement charges of Rs. 2,00,000/-
Regulations
- Reg. 17
- Reg. 15
- Reg. 8(3)
Parties
- M/s Integra Engineering India Ltd
Holding
The consent order disposes of the pending adjudication proceedings against the applicant for delayed compliance of Regulation 8(3) of the Takeover Regulations, upon payment of Rs. 2,00,000/- as settlement charges.
Full text
Page 2 of 3 4. While the adjudication proceedings pursuant to the said SCN were in progress, the applicant vide its application dated June 04, 2014 filed an application with SEBI in terms of the SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 proposing to settle, through a consent order, the aforementioned adjudication proceedings for the delayed compliance of the provisions of Regulation 8(3) of the Takeover Regulations.
Page 3 of 3 9. This consent order is passed on this Thirteenth day of March, 2015 and shall come into force with immediate effect.
5. The representatives of the applicant appeared before the Internal Committee of SEBI where the terms of settlement were deliberated upon. Thereafter, the applicant vide its letter dated September 08, 2014 proposed the revised consent terms to settle the aforesaid adjudication proceedings for the delayed compliance of Regulation 8(3) of the Takeover Regulations by offering to pay a sum of Rs. 2,00,000/- (Rupees Two Lakhs only) towards settlement charges.
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Source: SecMarx — sebi:CFD/EAD-6/AO/AK/23/2015. 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.