sebi:SO/BS/DP/2023-24/7123
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Facts / Headnote
Disposed of by settlement
Provisions invoked
- s. 12A
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 4
- Reg. 4(1)
- Reg. 23(1)
Parties
- Shri Ashok Jaipuria
Holding
The adjudication proceedings initiated against the Noticee vide SCN No. SEBI/EAD-1/SM/DP/63092/1/2022 dated December 21, 2022 were disposed of on settlement terms upon payment of Rs. 49,40,000.
Full text
------------------------------------------------------------------------------------------------------------- Settlement Order in the matter of Cosmo Films Ltd. Page 2 of 3
------------------------------------------------------------------------------------------------------------- Settlement Order in the matter of Cosmo Films Ltd. Page 3 of 3
UPSI and therefore violating Section 12A(d) of SEBI Act read with Regulation 4(1) of PIT Regulations. 4. Pending Adjudication Proceedings, the Noticee proposed to settle the instant proceedings initiated against it, without admitting or denying the findings of facts and conclusions of law, through a settlement order and filed settlement applications with SEBI bearing Settlement Application Nos. 7123/2023 dated December 26, 2022 in terms of the provisions of SEBI (Settlement Proceedings) Regulations, 2018 (hereinafter referred to as “Settlement Regulations”).
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Source: SecMarx — sebi:SO/BS/DP/2023-24/7123. 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.