sebi:SO/SBM/EAD-1/04-05/2018
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Facts / Headnote
Adjudication proceedings disposed of pursuant to settlement on payment of Rs. 2,03,978/-
Provisions invoked
- s. 15A
Regulations
- Reg. 17
- Reg. 15(1)
- Reg. 29(2)
- Reg. 3(1)
Parties
- Shri Tarun Kumar Sahay (PAN: AKWPS8358M)
- Tarun Kumar Sahay-HUF (PAN: AACHT1105P)
Holding
The adjudication proceedings initiated against the applicants for failure to make timely disclosures under Regulation 29(2) read with Regulation 29(3) of the SAST Regulations were disposed of pursuant to a settlement order on payment of Rs. 2,03,978/-, without the applicants admitting or denying the alleged violations.
Full text
Page 1 of 4 BEFORE THE ADJUDICATING OFFICER SECURITIES AND EXCHANGE BOARD OF INDIA SETTLEMENT ORDER (Application No. 3270/2017) On the application submitted by
Page 2 of 4 29(3) of SAST Regulations. Therefore, it was alleged in the SCN that the applicants were liable for monetary penalty under the provisions of section 15A(b) of the SEBI Act, 1992 (hereinafter referred to as “SEBI Act”).
Page 3 of 4 Thousand Nine Hundred Seventy Eight Only) towards the settlement terms. The Panel of Whole Time Members of SEBI approved the said recommendation of the HPAC on September 12, 2018 and the same was also communicated to the applicants vide Email dated September 14, 2018.
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Source: SecMarx — sebi:SO/SBM/EAD-1/04-05/2018. 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.