sebi:SO/AS/DP/2024-25/7333-7334
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Facts / Headnote
Adjudication proceedings disposed of in terms of section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations on the basis of settlement terms
Provisions invoked
- s. 12A
- s. 15G
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 4(1)
- Reg. 23(1)
- Reg. 3(1)
Parties
- Shri Naysar Parikh
- Shri Ronak Narendra Parikh
Holding
The adjudication proceedings initiated against the Noticees vide SCN dated June 22, 2023 read with Supplementary SCN dated July 28, 2023 are disposed of in terms of section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations on the basis of the settlement terms.
Full text
__________________________________________________________________________________ Settlement Order In the matter of trading activities by certain entities in the scrip of PNB Housing Finance Limited
__________________________________________________________________________________ Settlement Order In the matter of trading activities by certain entities in the scrip of PNB Housing Finance Limited
3. A Show Cause Notice Ref. No. SEBI/HO/EAD/EAD/P/OW/2023/0000025187/1 dated June 22, 2023 read with Supplementary Show Cause Notice Ref. No. SEBI/HO/EAD/EAD/P/OW/2023/0000030392/1 dated July 28, 2023 (hereafter referred to as “SCNs”) were issued to Noticees in terms of the provisions of Rule 4 of the Adjudication Rules, 1995 calling upon the Noticees to show cause why an inquiry should not be held and
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Source: SecMarx — sebi:SO/AS/DP/2024-25/7333-7334. 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.