sebi:SO/EFD-2/SD/249/NOV/2018
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Facts / Headnote
Settled
Provisions invoked
- s. 15A
Regulations
- Reg. 17
- Reg. 15
- Reg. 29(2)
- Reg. 14A
- Reg. 14A(3)
Parties
- Ms. Sucharitha Reddy
Holding
The proposed proceedings against Ms. Sucharitha Reddy for delayed disclosure of change in shareholding under Regulation 29(2) read with 29(3) of the SAST Regulations, 2011 are settled qua the applicant. SEBI shall not initiate any enforcement action against her for the said defaults upon payment of Rs. 2,71,700 settlement charges.
Full text
Settlement order in the matter of Aditya Birla Money Limited Page 1 of 2 SO/EFD-2/SD/249/NOV/2018 BEFORE THE SECURITIES AND EXCHANGE BOARD OF INDIA SUMMARY SETTLEMENT ORDER On Summary Settlement Application No. 2 of 2018
Settlement order in the matter of Aditya Birla Money Limited Page 2 of 2 5. In view of the above and in terms of Regulations 14A(3) read with Regulation 15 and 19 of the Settlement Regulations, it is hereby ordered that: i. this order disposes of the proceedings that may be initiated for the defaults as mentioned above, in respect of the applicant and; ii. passing of this order is without prejudice to the right of SEBI to take enforcement actions including commencing proceedings against the applicant, if SEBI finds that: a. any representation made by the applicant in the present settlement proceedings is subsequently discovered to be untrue; b. the applicant has breached any of the clauses/ conditions of undertakings/ waivers filed during the present settlement proceedings.
In respect of Ms. Sucharitha Reddy [PAN: AASPS4292G] In the matter of Aditya Birla Money Limited 1. Securities and Exchange Board of India (‘SEBI’) had conducted an examination in the scrip of Aditya Birla Money Limited. The examination prima facie revealed that Ms. Sucharitha Reddy (hereinafter referred to as ‘applicant’) had delayed in making the disclosures under Regulation 29(2) read with 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (i.e. delay in making disclosure of change in shareholding).
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Source: SecMarx — sebi:SO/EFD-2/SD/249/NOV/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.