sebi:SO/DS/DK/2022-23/6743
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Facts / Headnote
Disposed
Provisions invoked
- s. 15H
- s. 15I
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
Parties
- Mr. Pankaj Sharma
Holding
The adjudication proceeding initiated against Mr. Pankaj Sharma vide SCN No. EAD-2/ADJ/AP/AKS/4134/1-63/2021 dated February 15, 2021 is disposed in terms of Regulation 23(1) of the Settlement Regulations upon receipt of the settlement amount.
Full text
Page 2 of 3 Settlement order in respect of Mr. Pankaj Sharma in the matter of Religare Enterprises Ltd. under Section 15I of the SEBI Act, 1992 and Rule 3 of the SEBI (Procedure for Holding Inquiry and imposing penalties) Rules, 1995 (SEBI Adjudication Rules) to adjudicate upon the alleged violations by the Applicant and may impose penalty under Section 15HB of the SEBI Act, 1992. Thereafter, the competent authority transferred the Adjudication Proceedings in the matter to Shri G Ramar on June 18, 2021. Thereafter, vide order dated July 16,2021, the competent Authority approved the transfer of the Adjudication proceedings in the matter to the undersigned and the same was communicated to the undersigned on July 20,2021.
Page 3 of 3 Settlement order in respect of Mr. Pankaj Sharma in the matter of Religare Enterprises Ltd. 10. This order shall come into force with immediate effect. Further, in terms of Regulation 28 of the Settlement Regulations, this order is without prejudice to the right of SEBI to take any enforcement action including restoring or initiating the proceedings in respect to which this settlement order is passed, if:
4. A Show Cause Notice ref.no. EAD-2/ADJ/AP/AKS/4134/1-63/2021 dated February 15, 2021 (hereinafter referred to as ‘SCN’) was inter alia issued to the Applicant.
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Source: SecMarx — sebi:SO/DS/DK/2022-23/6743. 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.