sebi:CO/CFD/2823/2014/JJ/AK/AO-146-155/2014
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Facts / Headnote
Settlement of adjudication proceedings on payment of settlement charges of INR 9,63,050
Provisions invoked
- s. 15A
- s. 15
Regulations
- Reg. 17
- Reg. 15
- Reg. 8(2)
- Reg. 8(1)
Parties
- Dasharath S. Mahadevia
- Dasharath S. Mahadevia (HUF)
- Aditya D. Mahadevia
- Aditya D. Mahadevia (HUF)
- Tushar D. Mahadevia
- Tushar D. Mahadevia (HUF)
- Kasturi K. Mahadevia
- Kashyap K. Mahadevia (HUF)
- Ranjana A. Mahadevia
- Viraj T. Mahadevia
Holding
The Adjudicating Officer approved the settlement of the pending adjudication proceedings against the Erstwhile Promoters/Noticees for delayed compliance of regulations 8(1) and 8(2) of the SAST Regulations, 1997, on payment of settlement charges of INR 9,63,050, disposing of the proceedings without prejudice to SEBI's right to take enforcement action if representations are untrue or undertakings breached.
Full text
Settlement order in respect of Dasharath S. Mahadevia and others in the matter of M/s Tak Machinery & Leasing Ltd. (Now known as "M/s Mangal Credit and Fincorp Limited) Page 2 of 5 share capital of TMLL, at a price of `234 per fully paid up equity share, payable in cash.
Settlement order in respect of Dasharath S. Mahadevia and others in the matter of M/s Tak Machinery & Leasing Ltd. (Now known as "M/s Mangal Credit and Fincorp Limited) Page 3 of 5
Settlement order in respect of Dasharath S. Mahadevia and others in the matter of M/s Tak Machinery & Leasing Ltd. (Now known as "M/s Mangal Credit and Fincorp Limited) Page 4 of 5
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Source: SecMarx — sebi:CO/CFD/2823/2014/JJ/AK/AO-146-155/2014. 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.