sebi:Order/BS/RG/2023-24/29961
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Facts / Headnote
Adjudication proceedings abated; SCN dated July 07, 2023 disposed of
Provisions invoked
- s. 15A
- s. 15
- s. 19
Regulations
- Reg. 10(5)
Holding
The adjudication proceedings against the Noticee abate without going into the merits of the case, and the SCN dated July 07, 2023 issued against him is disposed of.
Full text
Page 2 of 3 the instant case, the Noticee made the requisite disclosure under Regulation 10(5) of SAST Regulations belatedly on May 05, 2023.
Page 3 of 3 Date Remark July 07, 2023 SCN sent through e-mail. July 10, 2023 Physical delivery of SCN. July 20, 2023 Noticee responded to the SCN by stating that the Noticee has already filed a voluntary settlement application in the instant case and requested to keep the adjudication proceedings in abeyance till the outcome of his settlement application.
Alleged violation Due date Actual date No. of days of delay Regulation 10(5) of SAST Regulations December 27, 2022 May 05, 2023 129 days
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Source: SecMarx — sebi:Order/BS/RG/2023-24/29961. 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.