The order passed by the markets regulator's adjudicating officer said the contents of the earlier show-cause notice (SCN) issued to them will also be incorporated "in the SCN to be issued in the instant matter".Zee and its top management are under Sebi's scrutiny for alleged violations of disclosure norms and initially a show-cause notice was issued to them in July 2022. Following the July 2022 show-cause notice, Zee Entertainment Enterprises (Zee) and Punit Goenka filed settlement applications with the markets regulator.However, the application to settle the adjudication proceedings was rejected by a panel of whole-time members of Sebi and the matter was referred to the markets watchdog for further investigation."In this regard, it has been observed that subsequent to completion of investigation in the instant matter, it has been decided by the competent authority to proceed against the notices under Section 11B of Sebi Act, 1992," the order said. Section 11B pertains to Sebi's powers to issue notices and impose penalties."The content of the SCN dated July 6, 2022 issued by the adjudicating officer (AO) including the examination report and all the relied upon documents will be treated as integral part of the further investigation report by Sebi in the matter of Zee," it said.

Sebi to Continue Probe Into Zee, Send Fresh Show-Cause Notice

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