sebi:SO/EFD-2/SD/296/AUGUST/2019
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Facts / Headnote
Settlement application No. 3467/2018 allowed; proceedings for alleged default settled upon payment of Rs. 7,80,000/-
Provisions invoked
- s. 15J
Regulations
- Reg. 25
- Reg. 34
- Reg. 23
- Reg. 200
- Reg. 201
- Reg. 78(6)
- Reg. 78(2)
- Reg. 301(2)(a)
Parties
- Chhabi Lal Prasad
Holding
SEBI settled the proceedings against Chhabi Lal Prasad for alleged breach of lock-in requirements under the ICDR Regulations, upon payment of Rs. 7,80,000/-, and agreed not to initiate any enforcement action against him for the said default.
Full text
Settlement order with respect to Chhabi Lal Prasad in the matter of JHS Svendgaard Laboratories Ltd. Page 1 of 3 SO/EFD-2/SD/296/ AUGUST /2019
Settlement order with respect to Chhabi Lal Prasad in the matter of JHS Svendgaard Laboratories Ltd. Page 2 of 3 months from the date of trading approval. However, upon the expiry of lock-in on 17,927 equity shares on December 31, 2016, the applicant sold 8,727 equity shares between the period January 11, 2017 to April 27, 2017. Upon realizing breach of lock- in requirements, the applicant filed the present settlement proposal with SEBI.
Settlement order with respect to Chhabi Lal Prasad in the matter of JHS Svendgaard Laboratories Ltd. Page 3 of 3 7. This settlement order is passed on this 2nd day of August, 2019, and shall come into force with immediate effect.
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Source: SecMarx — sebi:SO/EFD-2/SD/296/AUGUST/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.