 "sebi")
UPL Ltd has settled with the capital markets regulator, the Securities and Exhcnage Board of India (Sebi), a case pertaining to alleged failure to modify the terms of appointment of the auditor of its subsidiary.
The company settled the proceedings initiated against it after paying Rs 19.5 lakh towards settlement charges. "The instant adjudication proceedings initiated against the noticee (UPL) vide SCN (show cause notice) dated September 3, 2021 are disposed of," Sebi said in a settlement order passed on Friday.
In its show cause notice issued to UPL, it alleged that the company failed to ensure modification
The company settled the proceedings initiated against it after paying Rs 19.5 lakh towards settlement charges. "The instant adjudication proceedings initiated against the noticee (UPL) vide SCN (show cause notice) dated September 3, 2021 are disposed of," Sebi said in a settlement order passed on Friday.
In its show cause notice issued to UPL, it alleged that the company failed to ensure modification
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