sebi:EAD-5/BS/7/2017-18
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Facts / Headnote
Settlement order disposing of adjudication proceedings initiated against Mahek Prasad pursuant to Show Cause Notice no. EAD-5/ADJ/SVKM/AA/OW/22806/1/2016 dated August 12, 2016, on payment of Rs. 2,00,000 towards settlement charges.
Regulations
- Reg. 13
- Reg. 15(1)
- Reg. 13(5)
Parties
- Mahek Prasad
Holding
The Adjudicating Officer ordered that the settlement order disposes of the adjudication proceedings initiated against Mahek Prasad for alleged failure to disclose change in shareholding exceeding 25,000 shares within 2 working days, on payment of Rs. 2,00,000 as settlement charges.
Full text
Settlement Order in respect of Mahek Prasad in the matter of Premier Explosives Ltd. Page 2 of 3 provisions of Regulation 13(4A) read with Regulation 13(5) of PIT Regulations, 1992 by the Applicant.
Settlement Order in respect of Mahek Prasad in the matter of Premier Explosives Ltd. Page 3 of 3 and the same was communicated to the Applicant vide email dated August 16, 2017.
3. Accordingly, a Show Cause notice no. EAD-5/ADJ/SVKM/AA/OW/22806 /1/2016 dated August 12, 2016 (“SCN”) was issued to the Applicant under Rule 4 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as “Rules”) alleging that she has violated the provisions of Regulation 13(4A) read with Regulation 13(5) of PIT Regulations, 1992 by failing to make disclosure regarding change in her shareholding exceeding 25,000 shares to PEL and to the stock exchanges within 2 working days
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Source: SecMarx — sebi:EAD-5/BS/7/2017-18. 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.