sebi:SO/AN/EFD2/2024-25/7400
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Facts / Headnote
Disposed of
Provisions invoked
- s. 19
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
Holding
The specified proceedings initiated against the Applicant vide Show Cause Notice dated October 25, 2021 are disposed of in terms of Section 15JB read with Section 19 of the SEBI Act and Regulation 23(1) of the Settlement Regulations upon acceptance of revised settlement terms and receipt of settlement amount and legal charges.
Full text
Page 2 of 3 11, 2023. The said application was filed in terms of the SEBI (Settlement Proceedings) Regulations, 2018 (“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
Page 3 of 3 in terms of Section 15JB read with Section 19 of the SEBI Act and Regulation 23(1) of the Settlement Regulations on the basis of aforesaid settlement terms.
order. 4. Pursuant to the receipt of the Application, the authorised representatives of the Applicant had a meeting with the Internal Committee of SEBI on February 13,
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Source: SecMarx — sebi:SO/AN/EFD2/2024-25/7400. 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.