sebi:AO/BS/5/2008
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Facts / Headnote
Adjudication proceedings initiated by show cause notice No. A&E/BS/99182/07 dated July 20, 2007 disposed of pursuant to consent terms; Rs. 25,000 remitted by applicant and Rs. 25,000 by PDPL Securities Pvt. Ltd.
Parties
- applicant
- PDPL Securities Pvt. Ltd.
Holding
The adjudication proceedings initiated against the applicant vide show cause notice No. A&E/BS/99182/07 dated July 20, 2007 are disposed of by this consent order, passed without admission or denial of guilt. SEBI's right to take enforcement action is expressly reserved should representations made in consent proceedings be found untrue or undertakings breached.
Full text
- 2 - 4. In terms of the applicant’s proposal for the sole purpose of settling the matter on hand and without admission or denial of guilt on the part of the applicant to the finding of fact or conclusion of law, the applicant has remitted a sum of Rs. 25,000 (Rupees twenty five thousand only) vide Demand Draft No. 791297 dated 03.01.2008 drawn on SBI, Indore towards the terms of consent in the matter. It is also noted that PDPL Securities Pvt. Ltd. also forwarded sum of Rs. 25,000 (Rupees twenty five thousand only) vide Demand Draft No. 791298 dated 03.01.2008 drawn on SBI, Indore towards the terms of consent in the matter
5. In view of the above, it is hereby ordered that: (i) this consent order disposes of the present adjudication proceedings initiated vide show cause notice no. A&E/BS/99182/07 dated July 20, 2007 against the applicant. (ii) passing of this order by SEBI is without prejudice to the right of SEBI to take enforcement action including commencing/reopening of the pending proceedings against the applicant, if SEBI finds that: a. any representations made by the applicant in the consent proceedings are subsequently discovered to be untrue. b. the applicant has breached any of the clauses / conditions of undertakings/waivers filed during the current consent proceedings.
6. This consent order is passed on this 31st day of January 2008 and shall come into force with immediate effect. Biju. S Adjudicating Officer
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Source: SecMarx — sebi:AO/BS/5/2008. 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.