sebi:SO/EFD-2/SD/252/NOV/2018
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Settled - proposed adjudication proceedings disposed of on payment of settlement charges
Regulations
- Reg. 17
- Reg. 13(3)
- Reg. 15
- Reg. 29(2)
Parties
- Mr. Govinddas Daga
Holding
The proposed adjudication proceedings against Mr. Govinddas Daga for delayed disclosure defaults were settled and disposed of upon payment of Rs. 3,83,625 towards settlement charges. SEBI shall not initiate any enforcement action against the applicant for the said defaults subject to the stated conditions.
Full text
Settlement order in respect of Mr. Govinddas Daga Page 1 of 2 SO/EFD-2/SD/252/NOV/2018 BEFORE THE SECURITIES AND EXCHANGE BOARD OF INDIA SETTLEMENT ORDER On Application No. 3082 of 2016 Filed by Mr. Govinddas Daga [PAN: AAWPD9591R] In the matter of Zyden Genetec Limited
Settlement order in respect of Mr. Govinddas Daga Page 2 of 2 above, are 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 defaults.
1. Mr. Govinddas Daga (hereinafter referred to as ‘applicant’) filed a settlement application in terms of the SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 (‘Settlement Regulations’), without 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 June 25, 2015, for the delayed compliance of Regulation 13(3) read with 13(5) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 (i.e. delay in making disclosure of change in shareholding) and 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).
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:SO/EFD-2/SD/252/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.