sebi:SM/EAD-9/02/2019-20
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Facts / Headnote
Adjudication proceedings disposed of via settlement on payment of settlement charges
Provisions invoked
- s. 15
- s. 19
- s. 15H
Regulations
- Reg. 17
- Reg. 25
- Reg. 3(a)
- Reg. 23(1)
- Reg. 15(1)
Parties
- Hem Chand Jain
Holding
The adjudication proceedings initiated against Hem Chand Jain vide SCN dated August 23, 2013 in the matter of Octant Interactive Technologies Limited are disposed of upon payment of Rs. 22,57,500 towards settlement terms.
Full text
Page 1 of 3 BEFORE THE ADJUDICATING OFFICER SECURITIES AND EXCHANGE BOARD OF INDIA SETTLEMENT ORDER (Application No. 3488/2018)
Page 2 of 3 Officers, the undersigned has been appointed as the Adjudicating Officer in the matter vide order dated June 27, 2017.
Page 3 of 3 7. The applicant vide letter dated April 11, 2019 has remitted a sum of ` 22,57,500/- (Rupees Twenty Two Lakh Fifty Seven Thousand and Five Hundred Only) towards the settlement charges through Demand Draft No. 059257 dated April 11, 2019 drawn on HDFC Bank.
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Source: SecMarx — sebi:SM/EAD-9/02/2019-20. 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.