sebi:SO/EFD-2/SD/276/MAR/2019
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Facts / Headnote
Settlement approved; proposed adjudication proceedings disposed of qua the applicant upon payment of settlement charges.
Provisions invoked
- s. 21
- s. 15J
Regulations
- Reg. 25
- Reg. 34
- Reg. 23
- Reg. 38
Parties
- Starcom Information Technology Limited
Holding
SEBI approved the settlement application of Starcom Information Technology Limited in respect of alleged violations of Minimum Public Shareholding norms, disposing of the proposed adjudication proceedings upon payment of Rs. 6,80,000 as settlement charges.
Full text
Settlement order in the matter of Starcom Information Technology Limited 1 of 3 SO/EFD-2/SD/276/MAR/2019 BEFORE THE SECURITIES AND EXCHANGE BOARD OF INDIA SETTLEMENT ORDER On Application No. 3616 of 2018 Filed by Starcom Information Technology Limited [PAN: AAACJ1380R] in the matter of Starcom Information Technology Limited
Settlement order in the matter of Starcom Information Technology Limited 2 of 3 meeting with the Internal Committee of SEBI on December 28, 2018, wherein the settlement terms were deliberated. Thereafter, the applicant, vide letter dated January 03, 2019, proposed the revised settlement terms to settle the defaults mentioned above.
Settlement order in the matter of Starcom Information Technology Limited 3 of 3 applicant, if SEBI finds that: a. any representation made by the applicant in the present settlement proceedings is subsequently discovered to be untrue;
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Source: SecMarx — sebi:SO/EFD-2/SD/276/MAR/2019. 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.