sebi:Order/AA/AR/2020-21/7588
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Facts / Headnote
Adjudication proceedings initiated against the applicant settled and disposed of upon payment of Rs. 21,67,500.
Provisions invoked
- s. 23E
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
- Reg. 4(1)(d)
Parties
- Britannia Industries Ltd.
Holding
The adjudication proceedings initiated against Britannia Industries Ltd. vide SCN dated October 15, 2019 are settled and disposed of in terms of the settlement terms, upon payment of Rs. 21,67,500 towards settlement charges.
Full text
_______________________________________________________________________ Settlement Order in respect of Britannia Industries Ltd. Page 2 of 3
_______________________________________________________________________ Settlement Order in respect of Britannia Industries Ltd. Page 3 of 3
the same to the stock exchanges. Therefore, the applicant is, prima facie, found to have violated the provisions of the Regulations 4(1)(d), 4(1)(h) & 4(1)(j), 4(2)(d)(iii), 5, 30(2) and 30(4)(i)(b), of the LODR regulations r/w clause 6 of Para A of Part A of schedule III of LODR Regulation read with Para 6.1 of Annexure I of the SEBI Circular dated September 9, 2015.
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Source: SecMarx — sebi:Order/AA/AR/2020-21/7588. 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.