sebi:SO/PM/SM/2021-22/6409

SEBI · SEBI · 2021-03-09 · Prasanta Mahapatra, Adjudicating Officer

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Facts / Headnote

Adjudication proceedings initiated vide SCN dated January 28, 2021 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. 15A
• s. 15J

Regulations

• Reg. 25
• Reg. 28
• Reg. 23(1)
• Reg. 52(1)

Parties

• M3M India Private Limited

Holding

The adjudication proceedings initiated against M3M India Private Limited vide SCN dated January 28, 2021 for alleged violation of regulation 52(1) of LODR Regulations, 2015 are disposed of in terms of Section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations upon payment of Rs. 6,28,575 as settlement amount.

Full text

Settlement Order in respect of M3M India Private Limited in the matter of non filing / delayed filing of financial results Page 2 of 3 Noticee to show cause as to why an inquiry should not be held against it and why penalty, if any, should not be imposed on it under the provision of section Noticees under section 15A(b) of the SEBI Act, 1992, for the alleged violations of 52(1) of LODR Regulations, 2015 by the Noticee. It has been alleged in the SCN that the Noticee failed to submit the half year result for the period ended September 30, 2020. As per regulation 52(1) of LODR Regulations, 2015, the listed entity shall prepare and submit un-audited or audited financial results on a half yearly basis in the format as specified by the Board within forty-five days from the end of the half year to the recognised stock exchange(s). However, the Noticee failed to submit the half year result for the period ended September 30, 2020 and therefore, it is alleged that Noticee violated the provision of regulation 52(1) of LODR Regulations, 2015.

Settlement Order in respect of M3M India Private Limited in the matter of non filing / delayed filing of financial results Page 3 of 3

4. Pending Adjudication Proceedings, the Noticee (applicant) proposed to settle the instant proceedings initiated against it, without admitting or denying the

Source: SecMarx — sebi:SO/PM/SM/2021-22/6409. 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.