sebi:MC/DPS/10/2018
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Facts / Headnote
Pending adjudication proceedings disposed off in terms of Regulation 15(1) of the Settlement Regulations upon payment of settlement amount
Provisions invoked
- s. 21
- s. 15I
- s. 23A
Regulations
- Reg. 17
- Reg. 15(1)
Parties
- M/s Jagran Prakashan Limited
Holding
Pending adjudication proceedings initiated against M/s Jagran Prakashan Limited under SCN dated February 5, 2016 are hereby disposed off in terms of Regulation 15(1) of the Settlement Regulations upon receipt of Rs. 75,80,000 towards settlement.
Full text
BEFORE THE ADJUDICATING OFFICER SECURITIES AND EXCHANGE BOARD OF INDIA SETTLEMENT ORDER NO. MC/DPS/ 10 /2018 SETTLEMENT ORDER On the Application No. 3085 of 2016 Submitted by M/s Jagran Prakashan Limited
Settlement Order in the matter of M/s Jagran Prakashan Limited. Page 2 of 3 4. While the adjudication proceedings were in progress, the Noticee / Applicant submitted application for settlement of the proceedings in terms of SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 (hereinafter be referred to as, the “Settlement Regulations”).
Settlement Order in the matter of M/s Jagran Prakashan Limited. Page 3 of 3 9. This order is without prejudice to the right of SEBI to initiate enforcement actions including commencing / reopening of the pending proceedings against the Applicant / Noticee, if SEBI finds that:
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Source: SecMarx — sebi:MC/DPS/10/2018. 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.