sebi:SO/EFD-2/SD/295/JULY/2019
Facts / Headnote
Settlement application allowed; proposed proceedings settled qua the applicants upon payment of settlement charges of Rs. 3,48,075/-
Provisions invoked
- s. 15J
Regulations relied on
- SEBI (SAST) Regulations, 2011
- SEBI (Settlement Proceedings) Regulations, 2018
Parties
- Mr. Vikas Garg
- Ms. Sukriti Garg
Holding
SEBI settled the proposed enforcement proceedings against Mr. Vikas Garg and Ms. Sukriti Garg for delayed compliance of Regulation 29(2) of the Takeover Regulations (delay of 81 days) in the matter of Sahyog Multibase Limited, upon remittance of Rs. 3,48,075/- as settlement charges.
Full text
Settlement Order in respect of 1) Mr. Vikas Garg and 2) Ms. Sukriti Garg Page 1 of 2 SO/EFD-2/SD/295/JULY/2019 BEFORE THE SECURITIES AND EXCHANGE BOARD OF INDIA
Settlement Order in respect of 1) Mr. Vikas Garg and 2) Ms. Sukriti Garg Page 2 of 2 (Rupees Three Lakh Forty Eight Thousand and Seventy Five only) towards the settlement charges, vide Demand Draft Number 470886 dated July 05, 2019 drawn on the Oriental Bank of Commerce.
SETTLEMENT ORDER On Settlement Application Nos.: 3882/2019 and 3883/2019 In respect of 1) Mr. Vikas Garg [PAN : AAAPG8241P] and 2) Ms. Sukriti Garg [PAN : ALWPG6143A] in the matter of Sahyog Multibase Limited.
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Source: SecMarx — sebi:SO/EFD-2/SD/295/JULY/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.