sebi:CO/933/219/2009
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Facts / Headnote
Settled by consent; SEBI to take no enforcement action for the non-compliance in this matter
Holding
SEBI shall not take any enforcement action against the applicant for its failure to comply with the aforesaid Regulations in this matter following the consent payment.
Full text
Page 2 of 2 3. Accordingly, the applicant, without admitting or denying the guilt, has remitted a sum of Rs.2,25,000/- (Rupees two lakh twenty five thousand only) comprising Rs.2,00,000 (Rupees two lakh only) towards settlement charges and Rs.25,000/- (Rupees twenty five thousand only) towards administrative charges, vide demand draft No.014588 dated May 11, 2009 drawn on Axis Bank, payable at Mumbai.
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 aforesaid Regulations in this matter.
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.
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Source: SecMarx — sebi:CO/933/219/2009. 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.