sebi:SO/EFD-2/SD/244/OCT/2018
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Facts / Headnote
Settlement order passed; pending adjudication proceedings disposed of and no enforcement action to be initiated for the specified defaults.
Provisions invoked
- s. 21
Regulations
- Reg. 17
- Reg. 15
- Reg. 30(1)
Parties
- M/s Jagran Prakashan Limited
Holding
The settlement application of M/s Jagran Prakashan Limited was accepted, disposing of the pending adjudication proceedings under the Show Cause Notice dated February 05, 2016 and settling the suo moto defaults in delayed disclosures under section 21 of SCRA read with Clause 35 of the Listing Agreement and regulation 30(1) of the Takeover Regulations, with SEBI agreeing not to initiate enforcement action for the said defaults.
Full text
Settlement order in respect of M/s Jagran Prakashan Limited Page 2 of 3 4. The applicant vide Demand Draft number 100801 dated September 15, 2018 drawn on Central Bank of India remitted `75,80,000/- (Rupees Seventy Five Lakh Eighty Thousand only) collectively towards the settlement charges for the violations alleged vide Show Cause Notice dated February 05, 2016 and also the suo moto settlement sought for the defaults, as mentioned in para 1.
Settlement order in respect of M/s Jagran Prakashan Limited Page 3 of 3 8. This settlement order is passed on this 12th day of October, 2018 and shall come into force with immediate effect.
5. Thereafter, the pending adjudication proceedings initiated vide Show Cause Notice dated February 05, 2016, for making delayed disclosures under section 21 of SCRA read with Clause 35 of the Listing Agreement for the quarter ended September 2009 were disposed of by passing a settlement order dated September 26, 2018 by the Adjudicating Officer.
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Source: SecMarx — sebi:SO/EFD-2/SD/244/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.