sebi:SO/EFD-2/SD/281/APR/2019
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Facts / Headnote
Settlement of proceedings under Sections 11(1), 11B and 11(4) of the SEBI Act, 1992 against the applicant on payment of Rs. 1,36,00,000/-
Provisions invoked
- s. 11B
- s. 15J
Regulations
- Reg. 3
- Reg. 25
- Reg. 13(2)
- Reg. 34
- Reg. 23
Parties
- Vinay Maloo
Holding
The proceedings under Sections 11(1), 11B and 11(4) of the SEBI Act, 1992 against Vinay Maloo for alleged violations in connection with the HFCL GDR issue are settled upon payment of Rs. 1,36,00,000/-, and SEBI shall not initiate enforcement action against the applicant for the said default.
Full text
Settlement order with respect to Vinay Maloo in the matter of GDR Issue of Himachal Futuristic Communications Ltd. Page 1 of 3
Settlement order with respect to Vinay Maloo in the matter of GDR Issue of Himachal Futuristic Communications Ltd. Page 2 of 3
Settlement order with respect to Vinay Maloo 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/281/APR/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.