sebi:SO/SV/DP/2023-24/7183
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Facts / Headnote
Disposed of via settlement
Provisions invoked
- s. 15H
- s. 15J
- s. 21
- s. 23E
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
- Reg. 18(3)
Parties
- Dr. D V R Prakash Rao
Holding
The adjudication proceedings initiated against Dr. D V R Prakash Rao vide SCN No. EAD-9/VV/AK/2453/1-5/2023 dated January 30, 2023 are disposed of in terms of Section 15JB of the SEBI Act read with Regulation 23(1) of the Settlement Regulations on settlement terms upon payment of Rs. 11,05,000.
Full text
------------------------------------------------------------------------------------------------------------- Settlement Order in the matter of Binny Limited Page 2 of 3
------------------------------------------------------------------------------------------------------------- Settlement Order in the matter of Binny Limited Page 3 of 3
Subsequently, on his transfer the undersigned was appointed as the Adjudicating Officer vide communique dated August 30, 2023.
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Source: SecMarx — sebi:SO/SV/DP/2023-24/7183. 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.