sebi:AP/AO-6/2008-2009
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Facts / Headnote
Consent Application No. 492 of 2008 disposed of via consent order on payment of settlement charges
Parties
- M/s Keynote Capital Ltd.
Holding
This consent order disposes of Consent Application No. 492 of 2008 arising out of the Show Cause Notice dated May 30, 2006 in the matter of Coromandal Fertilizers Ltd. upon payment of Rs. 8,00,000 towards settlement charges without admitting or denying the charges.
Full text
2 of 2 3. While further proceedings in the matter were in progress, the applicant vide an application dated January 21, 2008 proposed settlement of the said proceedings in terms of SEBI Circular No. EFD/Cir.-1/2007 dated April 20, 2007 through a consent order. The High Powered Advisory Committee (HPAC) considered the consent terms proposed by the applicant and recommended the case for settlement as under: "Having regard to the said factors, the Committee recommends that the case may be settled on payment of Rs. 8,00,000/- (Rupees Eight Lakh Only) towards settlement charges, as offered by the applicant. " The recommendations of the HPAC were accepted by SEBI and communicated to the applicant.
4. Accordingly, M/s Keynote Capital Ltd., the applicant, without admitting or denying the charges have remitted a sum of Rs 8,00,000/- (Rupees Eight Lakh only) vide Demand Draft No. 508269 dated January 14, 2009 drawn on Axis Bank, Mumbai (Fort) Branch, Mumbai towards settlement charges. The said leter alongwith the Demand Draft was sent to Division of Regulatory Action, Enforcement Department, SEBI, Head Office, Mumbai.
5. In view of the above, it is hereby ordered that this consent order disposes of Consent Application No. 492 of 2008 of M/s Keynote Capital Ltd. arising out of the Show Cause Notice dated May 30, 2006, under SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 pending against the Applicant in the matter of investigations in the scrip of Coromandal Fertilizers Ltd.
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Source: SecMarx — sebi:AP/AO-6/2008-2009. 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.