sebi:SO/AB/EFD2/2022-23/6901
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Facts / Headnote
Settled qua the Applicant upon payment of settlement amount; SEBI shall not initiate enforcement action for the violations subject to Regulation 28
Provisions invoked
- s. 19
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 23
Holding
The proceedings that may be initiated for the violations as mentioned at paragraph 1 are settled qua the Applicant upon payment of Rs.3,00,000/- and SEBI shall not initiate enforcement action subject to Regulation 28.
Full text
Financial Years 2019-20 and 2020-21 on April 26, 2022 and for the Financial Year 2021-22 on April 11, 2022. The information related to pledge of shares is available in the public domain on the website of Stock Exchanges.
(b) the Applicant has breached any of the clauses/ conditions of undertakings/ waivers filed during the present settlement proceedings; and (c) there was a discrepancy while arriving at the settlement terms.
3. Pursuant to the receipt of the application, the authorized representatives of the Applicant had a meeting with the Internal Committee of SEBI on November 16,
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Source: SecMarx — sebi:SO/AB/EFD2/2022-23/6901. 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.