sebi:EAD-2/DSR/VS/826/2017
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Facts / Headnote
settled - adjudication proceedings disposed of on payment of settlement charges
Regulations
- Reg. 17
- Reg. 15(1)
Holding
In terms of Regulation 15(1) of the Settlement Regulations, the adjudication proceedings initiated against the Applicant vide Show Cause Notice dated August 21, 2014 are disposed of upon payment of Rs. 7,65,000 towards settlement charges.
Full text
____________________________________________________________________________________ Page 2 of 3 Extra-ordinary general meeting. BSE has also clarified vide email dated January 29, 2014 that shareholding pattern disclosed by the Applicant does not specifically contain promoters / public shareholding pre and post preferential issue and hence is not compliance with Clause 13.1A (iii) of DIP guidelines, 2000.
____________________________________________________________________________________ Page 3 of 3 9. This settlement order is passed on the 6th day of November , 2017 and shall come into force with immediate effect.
4. Pending adjudication proceedings, the Applicant submitted an Application for Settlement dated August 22, 2015 and an undertaking in the format prescribed by SEBI in terms of SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 (hereinafter referred to as ‘Settlement Regulations’).
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Source: SecMarx — sebi:EAD-2/DSR/VS/826/2017. 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.