sebi:CO/854/221/2009
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Facts / Headnote
Consent order disposing of enquiry proceedings; registration certificates suspended for four months
Holding
The applicant's consent terms were accepted, disposing of the pending enquiry proceedings in the matter of Skyweb Infotech Limited and Sunshine Capital Limited, with registration certificates No. INB050104015 (broker) and No. INS011946915 (sub-broker) suspended for four months.
Full text
Page 2 of 2 months in addition to the terms proposed by him. SEBI accepted the recommendations of HPAC and communicated the same to the applicant vide letter dated March 24, 2009.
4. Accordingly, the applicant without admitting or denying the charges has remitted a sum of Rs. 1,00,000/- (Rupees one lakh only) towards settlement charges vide Demand Draft no. 046995 dated March 27, 2009 drawn on HDFC Bank Limited, Mumbai. It has also furnished an undertaking, vide letter dated March 27, 2009, to voluntarily refrain from undertaking the activities as broker of Delhi Stock Exchange and also as sub-broker of DSE Financial Services Ltd for a period of four months.
5. In view of the above, it is hereby ordered that this consent order disposes of the said enquiry proceedings pending against the applicant in the matter of Skyweb Infotech Limited and Sunshine Capital Limited. It is also ordered that the certificates of registration No. INB050104015 as broker and No. INS011946915 as sub-broker shall remain suspended for a period of four months.
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Source: SecMarx — sebi:CO/854/221/2009. 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.