sebi:SO/EFD-2/SD/280/MAR/2019
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Settled
Provisions invoked
- s. 11B
- s. 15J
- s. 21
Regulations
- Reg. 3
- Reg. 25
- Reg. 13(2)
- Reg. 34
- Reg. 23
Parties
- Himachal Futuristic Communications Ltd.
Holding
The proceedings under Sections 11(1), 11B and 11(4) of the SEBI Act, 1992 against Himachal Futuristic Communications Ltd. in the matter of its GDR issue are settled upon payment of Rs. 1,14,06,516 without admitting or denying findings, and SEBI shall not initiate enforcement action for the said default.
Full text
Settlement order with respect to Himachal Futuristic Communications Ltd. in the matter of GDR Issue of Himachal Futuristic Communications Ltd. Page 1 of 3
Settlement order with respect to Himachal Futuristic Communications Ltd. in the matter of GDR Issue of Himachal Futuristic Communications Ltd. Page 2 of 3
Settlement order with respect to Himachal Futuristic Communications Ltd. in the matter of GDR Issue of Himachal Futuristic Communications Ltd. Page 3 of 3
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Source: SecMarx — sebi:SO/EFD-2/SD/280/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.