sebi:SO/SG-VS/EAD/27/2017

SEBI · SEBI · 2014-09-05 · Suresh Gupta, Adjudicating Officer

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Facts / Headnote

Adjudication proceedings disposed of by settlement on payment

Provisions invoked

• s. 15A

Regulations

• Reg. 17
• Reg. 13(4)
• Reg. 15(1)
• Reg. 13(5)

Parties

• Mr. Brundavanam Srinivas Vijayamohan

Holding

In terms of Regulation 15(1) of Settlement Regulations, the adjudication proceedings initiated against the Noticee vide show cause notice dated September 05, 2014 are disposed of upon payment of Rs. 2,04,000 towards settlement terms without admitting or denying violation.

Full text

Settlement order in respect of Mr. Brundavanam Srinivas Vijayamohan in the matter of M/s ING Vysya Bank Limited Page 2 of 4 3 of SEBI (Procedure for holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as "Rules, 1995") to inquire into and adjudge under section 15A(b) of the Securities and Exchange Board of India Act, 1992, the alleged violations of regulations 13(4) read with regulation 13(5) of SEBI (Prohibition of Insider Trading) Regulations, 1992 (hereinafter referred to as “PIT Regulations”) by the Noticee. Accordingly, a Show Cause Notice no. EAD- 5/JJ/AK/26134/2014 dated September 05, 2014 (hereinafter referred to as “SCN”) in terms of the provisions of Rule 4 of the Rules, 1995 was issued to the Noticee, seeking his reply as to why an inquiry should not be held in respect of the violations alleged to have been committed by him.

Settlement order in respect of Mr. Brundavanam Srinivas Vijayamohan in the matter of M/s ING Vysya Bank Limited Page 3 of 4 department of SEBI, inter alia, confirming that the Noticee has subsequently filed disclosure(s) in relation to the alleged violations is also on record.

Settlement order in respect of Mr. Brundavanam Srinivas Vijayamohan in the matter of M/s ING Vysya Bank Limited Page 4 of 4 i. any representation made by the Noticee in the settlement proceedings is subsequently discovered to be untrue. ii. the Noticee has breached any of the clauses/conditions of undertakings/waivers filed during the current settlement proceedings.

Source: SecMarx — sebi:SO/SG-VS/EAD/27/2017. 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.