sebi:EAD-3/JS/GSS/69-78/2018-19
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Facts / Headnote
Adjudication proceedings disposed of pursuant to settlement under Regulation 15(1) of SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014
Provisions invoked
- s. 15A
- s. 15I
Regulations
- Reg. 199
- Reg. 17
- Reg. 14
- Reg. 4(2)
- Reg. 8(2)
- Reg. 15(1)
- Reg. 30
- Reg. 201
- Reg. 3(8)
Holding
The adjudication proceedings against the applicants for non-disclosure under Regulation 8(2) of the 1997 Regulations and delayed disclosure under Regulation 30(2) of the 2011 Regulations are disposed of pursuant to the applicants' acceptance of settlement terms and payment of Rs. 17,68,205/-.
Full text
Settlement order in the matter of Madhusudan Securities Limited || Page 1 SETTLEMENT ORDER NO. EAD-3/JS/GSS/ 69-78 /2018-19 (Settlement Application No. 3527/2018 & 3487/2018 under SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014) _____________________________________________________________ In respect of: K. Madhusudan Reddy (PAN: AHXPR8979H) Exemplar International Private Limited(PAN: AAACK4213E) Navbharat Carriers Private Limited (PAN: AABCN6488R) K. Vanaja Reddy(PAN: AAKPR1282K) K. Jyoti Reddy(PAN: ADSPR0751Q) K. Vijaya Reddy(PAN: ABJPR8994G) Vasudha Alimchandani alias K Radha Reddy(PAN: AAKPR1281L) Madhusudan Leasing and Finance Ltd (now known Joy Realty Ltd): (PAN: AAACM7658R) Piya Reddy(PAN: AAEPR3576Q) Shree Sanjeeva Raghu Agencies Private Limited (PAN: AADCS6385G)
Settlement order in the matter of Madhusudan Securities Limited || Page 2 2. The details of non-compliances, alleged to be committed by the Noticees, under the aforesaid provisions of 1997 Regulations and/or 2011 Regulations are summarized in the table mentioned below: Sl. No. Name of the Promoter(s) Regulation 8(2) of 1997 Regulations Regulation 30 (2) of 2011 Regulations Year(s) of Violation - FY ending * Due date of compliance Actual date of compliance Delay (no. of days) 1 Noticee No.1 1997 to 2010 April 12, 2012 April 25, 2012 13 April 09, 2013 April 15, 2013 6 2 Noticee No.2 1997 to 2010 April 12, 2012 April 25, 2012 13 April 09, 2013 April 15, 2013 6 3 Noticee No.3 1997 to 2010 - - - 4 Noticee No.4 1997 to 2009 - - - 5 Noticee No.5 1997 to 2009 - - - 6 Noticee No.6 1997 to 2009 - - - 7 Noticee No.7 1997 to 2009 - - - 8 Noticee No.8 1997 to 2010 - - - 9 Noticee No.9 2009 to 2010 - - - 10 Noticee No.10 2002 to 2009 - - - Note: * - Due Date of Compliance = 21 days from the financial year ending March 31 i.e. April 21.
Settlement order in the matter of Madhusudan Securities Limited || Page 3 3487/2018, for settlement of the proceedings in respect of aforesaid alleged violations against it, in terms of SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 (hereinafter referred to as ‘Settlement Regulations, 2014’).
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Source: SecMarx — sebi:EAD-3/JS/GSS/69-78/2018-19. 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.