sebi:SO/VV/AS/2023-24/6980
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Facts / Headnote
Disposed of by settlement on payment of settlement amount
Provisions invoked
- s. 15A
Regulations
- Reg. 25
- Reg. 28
- Reg. 23(1)
Parties
- Zee Entertainment Enterprises Limited
Holding
The adjudication proceedings initiated against Zee Entertainment Enterprises Limited vide SCN dated July 15, 2022 are disposed of in terms of the accepted settlement terms upon payment of Rs 7,00,000 towards full and final settlement.
Full text
_____________________________________________________________________________________ Settlement Order in the matter of Zee Entertainment Enterprises Limited Page 2 of 3
_____________________________________________________________________________________ Settlement Order in the matter of Zee Entertainment Enterprises Limited Page 3 of 3
Rule 4 of SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter referred to as ‘Adjudication Rules’) and impose such penalty on the Noticees, as deemed fit, in terms of Rule 5 of the Adjudication Rules and Section 15A(b) of the SEBI Act. Pursuant to transfers and internal structuring, following officials have been appointed as the AO one after another by the competent authority: Mr. Parag Basu (vide communique dated July 14, 2021) Mr. Prasanta Mahapara (vide communique dated March 11, 2022), Ms Asha Shetty (vide communique dated June 07, 2022). Accordingly, in terms of Rule 4(1) of the Adjudication Rules, the notice to show cause notice dated July 15, 2022 (hereinafter referred to as ‘SCN’) was issued to the Applicant. Thereafter, pursuant to internal re-allocation of cases, undersigned has been appointed as the Adjudicating Officer vide communication order dated October 06, 2022. It has been advised that except for the change of the Adjudicating Officer, the other terms and condition of the original orders (whereby the aforesaid Adjudicating Officers was appointed) ‘shall remain unchanged and shall be in full force and effect’. It has also been advised that ‘I should proceed in accordance with the terms of reference made in the original orders’.
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Source: SecMarx — sebi:SO/VV/AS/2023-24/6980. 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.