sebi:SO/GG/VV/2022-23/6905
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Adjudication proceedings disposed of in terms of Section 15JB of the SEBI Act read with Regulation 23(1) of the Settlement Regulations on the basis of settlement terms
Provisions invoked
- s. 15H
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 21(2)
- Reg. 23(1)
- Reg. 201
- Reg. 7(4)
Parties
- Starcom Information Technology Limited
Holding
The adjudication proceedings initiated against Starcom Information Technology Limited vide SCN dated December 09, 2021 are disposed of in terms of Section 15JB of the SEBI Act read with Regulation 23(1) of the Settlement Regulations on the basis of the settlement terms.
Full text
Settlement Order in respect of the matter of Starcom Information Technology Limited Page 2 of 3 21(2) of SEBI (SAST) Regulations, 1997 read with Regulation 7(4) of SEBI (SAST) Regulations 2011 read with Rule 19 A (2) of the SCRR 2010.
Settlement Order in respect of the matter of Starcom Information Technology Limited Page 3 of 3 communicated by SEBI to applicants on July 04, 2022. Subsequently, the applicant vide email dated August 03, 2022 informed about the remittance of the settlement amount and receipt of the amount by SEBI was confirmed on August 11, 2022.
4. A Show Cause Notice Ref. No. EAD-6/GG/VV/36548/ 2/2021 dated December 09, 2021 (hereafter referred to as “SCN”) was issued to Noticee in terms of the provisions of Rule 4 of the Adjudication Rules, 1995 calling upon the Noticee to show cause why an inquiry should not be held and penalty not be imposed, under section 15HB of SEBI Act for the alleged violation of provisions of Regulation 21(2) of SEBI (SAST) Regulations, 1997 read with Regulation 7(4) of SEBI (SAST) Regulations 2011 read with Rule 19 A (2) of the SCRR 2010.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:SO/GG/VV/2022-23/6905. 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.