sebi:SO/BS/DP/2023-24/7124
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Disposed of by settlement in terms of section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations
Provisions invoked
- s. 12A
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 4(1)
- Reg. 23(1)
Parties
- Shri Rakesh Nangia
Holding
The adjudication proceedings initiated against Shri Rakesh Nangia vide SCN dated December 21, 2022 were disposed of by settlement under section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations.
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
15G of the SEBI Act for trading in the scrip of the company while in possession of the UPSI and therefore violating Section 12A(d) of SEBI Act read with Regulation 4(1) of PIT Regulations.
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Source: SecMarx — sebi:SO/BS/DP/2023-24/7124. 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.