sebi:CO/1108/216/2009
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Facts / Headnote
SEBI shall not take any enforcement action against the applicant for its failure to comply with the Takeover Regulations.
Holding
SEBI agreed not to take enforcement action against the applicant for its failure to comply with the Takeover Regulations, pursuant to a consent proceeding.
Full text
Page 2 of 2 4. In view of the above, it is hereby ordered that SEBI shall not take any enforcement action against the applicant for its failure to comply with the Takeover Regulations.
5. This order is without prejudice to the right of SEBI to initiate enforcement actions, including commencing appropriate proceedings against applicant for the aforesaid non-compliance, if: a. any representation made by the applicant in this consent proceeding is subsequently discovered to be untrue; or b. the applicant breaches any of the clauses/ conditions of undertakings/ waivers filed in this consent proceeding.
6. This consent order is passed on this day, the 11th of May, 2009 and shall come into force with immediate effect. M. S. Sahoo Whole Time Member
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Source: SecMarx — sebi:CO/1108/216/2009. 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.