sebi:SO/AN/EFD2/2024-25/7401
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Facts / Headnote
Specified proceedings initiated vide Show Cause Notice dated August 03, 2023 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 settlement terms and receipt of settlement amount
Provisions invoked
- s. 19
- s. 15J
- s. 11B(1)
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
- Reg. 201
- Reg. 2(1)(n)
- Reg. 9A(1)
- Reg. 9A
Parties
- Salil Parekh
Holding
The proceedings against Salil Parekh, CEO and MD of Infosys, initiated vide Show Cause Notice dated August 03, 2023 for alleged violation of Regulations 9A(1) and 9A(2) of PIT Regulations, 2015 are disposed of by settlement without admitting or denying findings upon payment of Rs. 25,00,000.
Full text
Page 2 of 5 the largest asset manager in the Defined Contribution Space and Infosys would provide a cloud-based record keeping platform to Vanguard.
Page 3 of 5 investigation concluded that the Applicant violated provisions of Regulations 9A(1) and 9A(2) of PIT Regulations 2015.
Page 4 of 5 11. Pursuant to the receipt of the Application, the authorised representatives of the Applicant had a meeting with the Internal Committee of SEBI on December 27,
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Source: SecMarx — sebi:SO/AN/EFD2/2024-25/7401. 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.