sebi:CFD/SEPEL/EAD-8/AO/KS/CO-03/2019
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Facts / Headnote
Settlement application allowed; adjudication proceedings initiated vide SCN dated December 15, 2017 disposed of in terms of Regulation 15(1) of the Settlement Regulations.
Provisions invoked
- s. 15A
Regulations
- Reg. 13
- Reg. 17
- Reg. 7
- Reg. 7(3)
- Reg. 13(6)
- Reg. 15(1)
- Reg. 3(4)
- Reg. 8(3)
Parties
- SKM Egg Products Exports (India) Limited
Holding
The settlement application of SKM Egg Products Exports (India) Ltd was accepted and the adjudication proceedings initiated vide SCN dated December 15, 2017 were disposed of in terms of Regulation 15(1) of the Settlement Regulations, on payment of the settlement amount of Rs. 15,12,645/-.
Full text
Page 1 of 4 BEFORE THE ADJUDICATING OFFICER SECURITIES AND EXCHANGE BOARD OF INDIA SETTLEMENT ORDER (Application No. 3269/2017 &3687/2018)
Page 2 of 4 of SKM Egg Products Exports (India) Limited. A Show Cause Notice dated December 15, 2017 (hereinafter referred to as ‘SCN’) was issued to the Noticee.
Page 3 of 4 28, 2018 and given an option of either preferring a summary settlement procedure by paying the summary settlement amount of Rs. 15,10,598/- (Rupees fifteen Lakh ten thousand Five hundred Ninety Eight only){amount arrived at in terms of Settlement Regulations} or come through the normal settlement procedure. The applicant opted for the summary settlement route and agreed to pay the summary settlement amount within 10 working days from the date of IC meeting.
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Source: SecMarx — sebi:CFD/SEPEL/EAD-8/AO/KS/CO-03/2019. 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.