sebi:SO/AN/EFD2/2023-24/7117
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Facts / Headnote
Proceedings initiated against the Applicant vide SCN dated December 22, 2022 disposed of pursuant to settlement; SEBI shall not initiate any other enforcement action against the Applicant for the said violation.
Provisions invoked
- s. 19
- s. 15J
- s. 11B(1)
Regulations
- Reg. 25
- Reg. 28
- Reg. 23
- Reg. 201
- Reg. 2(1)(n)
- Reg. 9A(1)
- Reg. 9A
Parties
- Punit Goenka
Holding
SEBI settled the proceedings against Punit Goenka, MD & CEO of ZEEL, for alleged violation of Regulations 9A(1) and 9A(2) of the PIT Regulations, 2015, on payment of ₹50,70,000, and disposed of the SCN dated December 22, 2022 without initiating further enforcement action for the said violation.
Full text
Page 2 of 5 of the securities and shall, ordinarily including but not restricted to, information relating to the following: – i. financial results; ii. dividends; iii. change in capital structure; iv. mergers, de-mergers, acquisitions, delistings, disposals and expansion of business and such other transactions; v. changes in key managerial personnel.”
Page 3 of 5 (b) all the unpublished price sensitive information shall be identified and its confidentiality shall be maintained as per the requirements of these regulations; (c) adequate restrictions shall be placed on communication or procurement of unpublished price sensitive information as required by these regulations;
Page 4 of 5 on January 13, 2023. The said application was filed in terms of the SEBI (Settlement Proceedings) Regulations, 2018 (hereinafter referred to as “Settlement Regulations”) wherein the Applicant proposed to SEBI to settle the instant proceedings, without admitting or denying the findings of fact and conclusions of law, through a settlement order.
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Source: SecMarx — sebi:SO/AN/EFD2/2023-24/7117. 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.