sebi:EAD-5/SVKM/04/2015-16
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Facts / Headnote
Adjudication proceedings disposed of through settlement on payment of settlement charges
Provisions invoked
- s. 15
- s. 19
- s. 15H
Regulations
- Reg. 12(1)
- Reg. 15(1)
Parties
- Manappuram Finance Limited
Holding
The adjudication proceedings against Manappuram Finance Limited were disposed of through settlement on payment of Rs. 6,80,000 towards settlement charges.
Full text
Settlement Order in respect of Manappuram Finance Limited clause 3.2-3 of Part A of Schedule I read with regulation 12(1) of SEBI (Prohibition of Insider Trading) Regulations, 1992 (hereinafter referred to as PIT Regulations), the trading window shall be closed at the time of declaration of financial results (quarterly, half yearly and annually) and declaration of dividends (interim and final).
Settlement Order in respect of Manappuram Finance Limited 6. Accordingly, a Show Cause notice no. EAD - 05/ADJ/ASK/SPV/OW/23156/2014 dated August 06, 2014 (hereinafter referred to as SCN) was issued to the Noticee 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 it has violated the aforementioned provisions of PIT Regulations.
Settlement Order in respect of Manappuram Finance Limited matter, settlement terms offered by MFL and the materials brought before it by SEBI, recommended that the aforesaid adjudication proceedings may be settled on payment of `. 6,80,000/- (Rupees Six Lakhs Eighty Thousand only) towards settlement charges as proposed by MFL. The Panel of Whole Time Members of SEBI approved the said recommendations of the HPAC. The same was intimated to MFL vide e-mail dated August 21, 2015.
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Source: SecMarx — sebi:EAD-5/SVKM/04/2015-16. 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.