sebi:EAD-2/AP/VS/2020-21/7836
Facts / Headnote
Adjudication proceedings disposed of pursuant to settlement
Provisions invoked
- s. 15A
- s. 15I
- s. 15J
Regulations relied on
- SEBI (PIT) Regulations, 1992
- SEBI (PIT) Regulations, 2015
- SEBI (Settlement) Regulations, 2014
Parties
- Mr. Ketan Shah
Holding
The adjudication proceedings initiated against Mr. Ketan Shah by SCN dated June 04, 2019 were disposed of in terms of section 15JB of the SEBI Act on the basis of the accepted settlement terms and receipt of the settlement amount of ₹6,74,688/- and interest of ₹3,882/-.
Full text
________________________________________________________________________________________ Settlement Order in respect of Mr. Ketan Shah in the matter of Seshasayee Paper and Boards Limited Page 2 of 3
________________________________________________________________________________________ Settlement Order in respect of Mr. Ketan Shah 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/4/2019 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.
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Source: SecMarx — sebi:EAD-2/AP/VS/2020-21/7836. 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.