sebi:EAD-6/PM/RR/2019-20/5813
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Facts / Headnote
Pending adjudication proceedings disposed of in terms of Regulation 15(1) of SEBI Settlement Regulations, 2014 upon settlement
Regulations
- Reg. 17
- Reg. 15(1)
Parties
- Dynamic India Fund III
Holding
The pending adjudication proceedings initiated against Dynamic India Fund III vide SCN dated April 27, 2018 is disposed of upon acceptance of settlement terms and receipt of the settlement amount. The settlement order comes into force with immediate effect.
Full text
Settlement Order in respect of Dynamic India Fund III Page 2 of 4 addition, ICICI Venture Funds Management Company Limited was also acting as sponsor to Dynamic India Fund – III (the Noticee) and Dynamic India Fund – IV registered as Foreign Venture Capital Investors.
Settlement Order in respect of Dynamic India Fund III Page 3 of 4 5. Thereafter, the Noticee, along with four other entities had a meeting with the Internal Committee (IC) of SEBI on April 10, 2019.
Settlement Order in respect of Dynamic India Fund III Page 4 of 4 b. the Noticee has breached any of the clauses / conditions of undertakings / waivers filed during the current settlement proceedings.
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Source: SecMarx — sebi:EAD-6/PM/RR/2019-20/5813. 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.