sebi:SM/EAD/32-35/2018-19
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Facts / Headnote
Settled - adjudication proceedings disposed of on payment of settlement terms
Regulations
- Reg. 17
- Reg. 15(1)
Parties
- Mr. Jaysingh Kishorilal Jain(HUF)
- Mr. Jaysingh Kishorilal Jain
- Ms. Manju Jaysingh Jain
- Mr. Rahul Jaysingh Jain
Holding
In terms of Regulation 15(1), the adjudication proceedings initiated against the four applicants vide SCN dated November 20, 2017 are disposed of upon payment of Rs. 13,64,283 towards settlement terms.
Full text
Settlement Order in the matter of Oregon Commercial Limited Page 2 of 3 Administrative and Civil Proceedings) Regulations, 2014 (hereinafter referred to as ‘Settlement Regulations’).
Settlement Order in the matter of Oregon Commercial Limited Page 3 of 3 7. This order is without prejudice to the right of SEBI to take enforcement actions including restoring or initiating the proceedings in respect to which the settlement order was passed against the applicant, if: a. any representations made by the applicant in the settlement proceedings is subsequently found to be untrue; or b. the applicant breaches any of the clauses/conditions of undertakings/waivers filed during the current settlement proceedings.
4. Pursuant to the above mentioned Settlement Application made by the applicants, the authorized representative had a meeting with the Internal Committee (hereinafter referred to as “IC”) of SEBI on March 14, 2018. During the aforesaid meeting, the settlement terms of Rs.13,64,283/- (Rupees Thirteen Lakh Sixty Four Thousand Two Hundred and Eighty Three Only) calculated as per the Settlement Regulations were communicated to the applicants. The applicants vide e-mail dated March 20, 2018, proposed payment of Rs. 13,64,283/- (Rupees Thirteen Lakh Sixty Four Thousand Two Hundred and Eighty Three Only).
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Source: SecMarx — sebi:SM/EAD/32-35/2018-19. 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.