sebi:CO/CFD/2805/2014/JJ/AK/AO-145/2014
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Facts / Headnote
Adjudication proceedings disposed of pursuant to settlement; Noticee to pay Rs. 12,36,750 towards settlement charges.
Provisions invoked
- s. 15A
- s. 15
Regulations
- Reg. 7(1)
- Reg. 17
- Reg. 15
- Reg. 8(3)
- Reg. 7(3)
Parties
- M/s Sabero Organics Gujarat Limited
Holding
SEBI ordered settlement of the pending adjudication proceedings against M/s Sabero Organics Gujarat Limited for delayed compliance with regulations 7(3) and 8(3) of the SAST Regulations, 1997, on payment of Rs. 12,36,750 as settlement charges.
Full text
Settlement order in respect of M/s Sabero Organics Gujarat Limited in the matter of M/s Sabero Organics Gujarat Limited Page 2 of 5 S.No. Regulation Due date of compliance Actual date of compliance Delay if any (in no. of days) 1 8(3) 30.04.1998 Not Available - 2 8(3) 30.04.1999 Not Available - 3 8(3) 30.04.2000 26.06.2002 787 4 8(3) 30.04.2001 26.06.2002 422 5 8(3) 30.04.2002 26.06.2002 57 6 8(3) 30.04.2005 15.04.2008 1081 7 8(3) 30.04.2007 21.09.2007 144 8 8(3) 21.10.2010 21.03.2010 7
Settlement order in respect of M/s Sabero Organics Gujarat Limited in the matter of M/s Sabero Organics Gujarat Limited Page 3 of 5 Regulations, 1997 as against the due date of compliance with a delay to stock exchanges. The details of delay in this regard are as follows
Settlement order in respect of M/s Sabero Organics Gujarat Limited in the matter of M/s Sabero Organics Gujarat Limited Page 4 of 5 CIR/EFD/1/2012 dated May 25, 2012, which is rescinded by the SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 proposing to settle, through settlement order, the aforementioned adjudication proceedings for delayed compliance of regulation 7(3) and regulation 8(3) of SAST Regulations, 1997 alleged to have been committed by the Noticee.
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Source: SecMarx — sebi:CO/CFD/2805/2014/JJ/AK/AO-145/2014. 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.