sebi:SO/SM/S./2022-23/6873
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Facts / Headnote
Adjudication proceedings initiated by SCN dated September 11, 2020 disposed of in terms of Section 15JB read with Regulation 23(1) on settlement basis without admitting or denying findings
Provisions invoked
- s. 15J
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
- Reg. 7(2)(a)
- Reg. 7(2)(b)
- Reg. 3(1)
- Reg. 201
- Reg. 9(3)
Parties
- Minda Industries Limited
- Tarun Kumar Srivastava
Holding
The adjudication proceedings initiated against Minda Industries Limited and Tarun Kumar Srivastava by SCN dated September 11, 2020 are disposed of on settlement terms without admitting or denying findings of fact and conclusions of law upon payment of Rs. 5,47,188 and Rs. 10,62,500 respectively.
Full text
Settlement Order in the matter of Minda Industries Limited Page 2 of 5 under Sections 15A(b) and 15HB of the SEBI Act, the aforesaid alleged violations committed by Applicant and Noticee 1. Pursuant to transfer of Shri B J Dilip, the undersigned was appointed as the AO in the said matter by SEBI vide Order dated December 29, 2020.
Settlement Order in the matter of Minda Industries Limited Page 3 of 5 d) SEBI, vide its email dated September 24, 2019, had asked the MIL to state name and designation of the Compliance Officer who was designated to administer the code of conduct and other requirements with respect to PIT Regulations and who was also responsible for scrutinizing the weekly benpos reports received from RTA and for filing of disclosures to the stock exchanges. MIL, in its reply, vide letter dated September 27, 2019, had provided details of Compliance officer which is the Noticee 2.
Settlement Order in the matter of Minda Industries Limited Page 4 of 5 Name of Entity PAN Date of settlement application no. Settlement reference No. Officer, Minda Industries Limited
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Source: SecMarx — sebi:SO/SM/S./2022-23/6873. 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.