sebi:EAD-2/AP/VS/2019-20/7542
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Facts / Headnote
Adjudication proceedings disposed of pursuant to settlement
Provisions invoked
- s. 15A
- s. 15I
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
- Reg. 3(1)
Parties
- Mr. N. R. Suresh
Holding
The adjudication proceedings initiated against Mr. N. R. Suresh by SCN dated June 04, 2019 are disposed of on the basis of the settlement terms accepted by SEBI, upon payment of ₹4,81,781/- as settlement charges.
Full text
________________________________________________________________________________________ Settlement Order in respect of Mr. N. R. Suresh in the matter of Seshasayee Paper and Boards Limited Page 2 of 3
________________________________________________________________________________________ Settlement Order in respect of Mr. N. R. Suresh in the matter of Seshasayee Paper and Boards Limited Page 3 of 3 action including restoring or initiating the proceedings in respect to which this settlement order is passed, if:
3. Accordingly, in terms of rule 4(1) SEBI Adjudication Rules read with section 15I of SEBI Act, the notice to show cause no. EAD-2/SS/VS/6745/BD/9/2019 dated June 04, 2019 (hereinafter referred to as ‘the SCN’) was issued to the applicant, by erstwhile AO, calling upon it to show cause as to why an inquiry should not be held against him in terms of rule 4 of the SEBI Adjudication Rules and penalty be not imposed under Section 15A(b) of the SEBI Act. The SCN was duly served upon the applicant.
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Source: SecMarx — sebi:EAD-2/AP/VS/2019-20/7542. 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.