sebi:CFD/EAD-6/AO/AK/97/2014
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Facts / Headnote
Adjudication proceedings disposed of via consent/settlement on payment of settlement charges
Provisions invoked
- s. 15
Regulations
- Reg. 3
- Reg. 17
- Reg. 15
Parties
- M/s GMM Pfaudler Limited
Holding
The pending adjudication proceedings against M/s GMM Pfaudler Limited were disposed of by consent/settlement order upon payment of Rs.11,92,125 towards settlement charges, without admission or denial of guilt.
Full text
_____________________________________________________________________________________ Settlement Oder in the matter of M/s GMM Pfaudler Limited Page 2 of 3
_____________________________________________________________________________________ Settlement Oder in the matter of M/s GMM Pfaudler Limited Page 3 of 3
3. The undersigned was appointed as Adjudicating Officer (AO) vide order dated August 16, 2013 under section 15 I of the SEBI Act to inquire into and adjudge under Sections 15A(b) of the SEBI Act for the aforesaid alleged violations/ non-compliance. Consequently, Show Cause Notice dated November 28, 2013 was issued to the Noticee under rule 4 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995, seeking reply of the Noticee as to why an inquiry should not be held in respect of the violations/ non-compliance alleged to have been committed by the Noticee.
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Source: SecMarx — sebi:CFD/EAD-6/AO/AK/97/2014. 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.