sebi:SO/EFD-2/SD/242/OCT/2018
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Facts / Headnote
settled
Regulations
- Reg. 17
- Reg. 15
- Reg. 30(2)
Parties
- Mr. Laxmikant Ramprasad Kabra
Holding
The proposed adjudication proceedings against the applicant for delayed compliance with Regulation 30(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 are settled qua the applicant upon payment of Rs. 2,01,447 towards settlement charges, and SEBI shall not initiate any enforcement action for the said defaults subject to conditions.
Full text
Settlement order in the matter of Astec Life Sciences Limited Page 1 of 2 SO/EFD-2/SD/242/OCT/2018 BEFORE THE SECURITIES AND EXCHANGE BOARD OF INDIA SETTLEMENT ORDER On Application No. 3426 of 2017 Filed by Mr. Laxmikant Ramprasad Kabra [PAN: ADOPK3248F] In the matter of Astec Life Sciences Limited
Settlement order in the matter of Astec Life Sciences Limited Page 2 of 2 enforcement action against the applicant for the said defaults.
1. Mr. Laxmikant Ramprasad Kabra (hereinafter referred to as ‘applicant’) filed a settlement application in terms of the SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 (‘Settlement Regulations’), while admitting the findings of fact and conclusions of law, proposing to settle, through a settlement order, the proposed adjudication proceedings intimated vide Notice of Approved Enforcement Action dated April 13, 2017, for the delayed compliance of Regulation 30(2) (i.e. delay in making annual disclosure) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Source: SecMarx — sebi:SO/EFD-2/SD/242/OCT/2018. 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.