sebi:SO/AB/EFD2/2022-23/6907
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Facts / Headnote
settled
Provisions invoked
- s. 19
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 23
- Reg. 2(1)
Holding
The proceedings that may be initiated for the violations mentioned at paragraph 1 are settled qua the Applicant upon payment of Rs.9,27,010, and SEBI shall not initiate any enforcement action against the Applicant for those violations.
Full text
September, 2001 should have included the names of the promoter group entities referred to above. However, the applicant has started filing the correct shareholding pattern including the names of the aforementioned promoter group entities only from the quarter ended March, 2022.
ii. passing of this Order is without prejudice to the right of SEBI under Regulation 28 of the Settlement Regulations to initiate any enforcement action against the Applicant, if SEBI finds that: (a) any representation made by the Applicant in the present settlement proceedings is subsequently found to be untrue; (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.
5. The Applicant submitted that pursuant to an internal review of the shareholding pattern it had become aware of the fact that the aforesaid promoter entities qualified being part of the promoter group under Regulation 2(1)(pp) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 read with Regulation 2(1)(zb) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and accordingly filed this application.
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Source: SecMarx — sebi:SO/AB/EFD2/2022-23/6907. 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.