sebi:EAD-6/PM/RR/2019-20/5814
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Facts / Headnote
Pending adjudication proceedings initiated vide SCN dated April 27, 2018 disposed of in terms of Regulation 15(1) upon settlement
Regulations
- Reg. 17
- Reg. 15(1)
Parties
- ICICI Venture Funds Management Company Limited
Holding
The pending adjudication proceedings initiated against the Noticee vide SCN SEBI/EAD/PM/RR/12894/1/2018 dated April 27, 2018 is disposed of in terms of Regulation 15(1) of SEBI Settlement Regulations, 2014 upon acceptance of settlement terms and receipt of settlement amount.
Full text
Settlement Order in respect of ICICI Venture Funds Management Company Limited Page 2 of 4 3. With respect to the alleged violations specified in para 1 above, Show Cause Notice (hereinafter referred to as ‘SCN’) was issued to the Noticee on April 27, 2018 wherein the following was observed:
Settlement Order in respect of ICICI Venture Funds Management Company Limited Page 3 of 4 Proceedings) Regulations, 2014 (hereinafter referred to as ‘Settlement Regulations, 2014’).
Settlement Order in respect of ICICI Venture Funds Management Company Limited Page 4 of 4 a. any representation made by the Noticee in the settlement proceedings are subsequently discovered to be untrue. 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/2019-20/5814. 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.