sebi:SO/EFD-2/SD/109/JAN/2017
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Facts / Headnote
Settled
Regulations
- Reg. 17
- Reg. 7(3)
- Reg. 15(1)
- Reg. 19
Parties
- M/s KDDL Limited
Holding
The delayed compliance of regulation 7(3) of the SAST Regulations, 1997 is settled qua the applicant and SEBI shall not initiate any enforcement action against the applicant for the said default.
Full text
Settlement order in respect of M/s KDDL Limited in the matter of M/s KDDL Limited Page 2 of 2 charges. 5. In view of the same, for the delayed compliance of regulation 7(3) of the SAST Regulations, 1997 as discussed above, is settled qua the applicant as per the above terms by way of this order and SEBI shall not initiate any enforcement action against the applicant for the said default.
6. In view of the above, in terms of regulation 15(1) and regulation 19 of the Settlement Regulations, it is hereby ordered that: i. this order disposes of the said possible proceedings in respect of the applicant as mentioned above and; ii. passing of this order is without prejudice to the right of SEBI to take enforcement actions including commencing the possible proceedings against the applicant, if SEBI finds that: a. any representations made by the applicant in these settlement proceedings are subsequently discovered to be untrue; b. the applicant has breached any of the clauses/ conditions of undertakings/ waivers filed during the current settlement proceedings.
7. This settlement order passed on this 4th day of January, 2017 shall come into force with immediate effect. 8. In terms of Regulation 17 of the Settlement Regulations, a copy each of this order shall be sent to the applicant and shall also be published on the website of SEBI.
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Source: SecMarx — sebi:SO/EFD-2/SD/109/JAN/2017. 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.