sebi:CO/CFD/2849/2014/JJ/AK/AO-08/2015
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Facts / Headnote
Settlement order disposing of pending adjudication proceedings against the Noticee on payment of Rs. 3,06,000 towards settlement charges
Provisions invoked
- s. 15A
- s. 15
Regulations
- Reg. 7
- Reg. 17
- Reg. 15
- Reg. 7(2)
Parties
- Vishal K Mahadevia
Holding
The adjudication proceedings against Vishal K Mahadevia for non-compliance of regulation 7(1A) read with regulation 7(2) of SAST Regulations, 1997 are disposed of pursuant to settlement on payment of Rs. 3,06,000 towards settlement charges.
Full text
Settlement order in respect of Vishal K Mahadevia in the matter of M/s Tak Machinery and Leasing Limited (Now known as "M/s Mangal Credit & Fincorp Limited) Page 2 of 4 member of erstwhile promoter group of TMLL and the total shareholding of the erstwhile promoter group of TMLL as on September 10, 2010 was 51.99%.
Settlement order in respect of Vishal K Mahadevia in the matter of M/s Tak Machinery and Leasing Limited (Now known as "M/s Mangal Credit & Fincorp Limited) Page 3 of 4 aforementioned adjudication proceedings for non compliance of regulation 7(1A) read with regulation 7(2) of SAST Regulations, 1997 alleged to have been committed by the Noticee.
Settlement order in respect of Vishal K Mahadevia in the matter of M/s Tak Machinery and Leasing Limited (Now known as "M/s Mangal Credit & Fincorp Limited) Page 4 of 4
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Source: SecMarx — sebi:CO/CFD/2849/2014/JJ/AK/AO-08/2015. 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.