sebi:SO/SG-AK/EAD/19/2016
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Facts / Headnote
Adjudication proceedings disposed of by settlement on payment of settlement terms
Regulations
- Reg. 7
- Reg. 17
- Reg. 15
- Reg. 7(2)
- Reg. 19
Parties
- Mrs. Kasturi K Mahadevia
Holding
The adjudication proceedings against Mrs. Kasturi K Mahadevia for alleged disclosure failures under regulation 7(1A) read with regulation 7(2) of SAST Regulations, 1997 were disposed of by settlement. The Noticee settled on payment of Rs 4,95,975 towards settlement terms.
Full text
Settlement order in respect of Mrs. Kasturi K Mahadevia in the matter of M/s Tak Machinery and Leasing Limited Page 2 of 4 with regulation 7(2) of SAST Regulations, 1997 committed by the Noticee. Consequent, upon transfer of Shri Piyoosh Gupta, Shri Jayanta Jash was appointed as Adjudicating Officer vide order dated November 08, 2013 to inquire and adjudge the matter. Accordingly, a Show Cause Notice no. EAD/JJ/AK/4019/2014 dated February 05, 2014 (SCN) in terms of the provisions of Rule 4 of SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 was issued to the Noticee, seeking reply of the Noticee as to why an inquiry should not be held in respect of the violations alleged to have been committed by the Noticee.
Settlement order in respect of Mrs. Kasturi K Mahadevia in the matter of M/s Tak Machinery and Leasing Limited Page 3 of 4
Settlement order in respect of Mrs. Kasturi K Mahadevia in the matter of M/s Tak Machinery and Leasing Limited Page 4 of 4
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Source: SecMarx — sebi:SO/SG-AK/EAD/19/2016. 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.