INDIA: SEBI Settle Delayed Disclosure Case

Thursday April 19 2018

On 17^th April 2018, Securities and Exchange Board of India (SEBI) settled cases of disclosure lapses related to three separate entities after they paid more than Rs 6 lakh towards settlement charges.

According to three separate Sebi orders, the entities are Gagan Gases, Richa Maheshwaryand Kiran Mittal. ​Maheshwary is a promoter of Gagan Gases.

The entities had filed applications to settle the “proposed adjudication proceedings” for the delayed compliance of disclosure norms as required under SAST (Substantial Acquisition of Shares and Takeover) Regulations and PIT (Prohibition of Insider Trading) Regulations.

Click on the link above for further information.