sebi:EAD-2/AP/VS/2019-20/8015

SEBI · SEBI · 2019-06-04 · Amit Pradhan, Adjudicating Officer

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

Adjudication proceedings disposed of by settlement in terms of section 15JB

Provisions invoked

• s. 15A
• s. 15I
• s. 15J

Regulations relied on

• SEBI (PIT) Regulations, 1992 — 13(2a)
• SEBI (PIT) Regulations, 2015 — 12
• SEBI (Settlement) Regulations, 2014 — 3(1)

Parties

• Mr. Srinivasan R

Holding

The instant adjudication proceedings initiated against the applicant vide SCN dated June 04, 2019 are disposed of in terms of section 15JB of the SEBI Act, 1992 read with regulation 23(1) of the Settlement Regulations on the basis of the settlement terms.

Full text

________________________________________________________________________________________ Settlement Order in respect of Mr. Srinivasan R in the matter of Seshasayee Paper and Boards Limited Page 2 of 3

________________________________________________________________________________________ Settlement Order in respect of Mr. Srinivasan R in the matter of Seshasayee Paper and Boards Limited Page 3 of 3 Act, 1992 read with regulation 23(1) of the Settlement Regulations on the basis of the settlement terms.

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/7/2019 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.

Source: SecMarx — sebi:EAD-2/AP/VS/2019-20/8015. 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.