sebi:CO/CFD/1181/AO/DSR/15/2008
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Facts / Headnote
Adjudication proceedings disposed of by consent
Holding
The adjudication proceedings pending against the noticees under the SEBI Act, 1992 were disposed of by this consent order upon payment of Rs. 75,000 without admission or denial of guilt.
Full text
Page 2 of 2 recommended the case for settlement on the revised consent terms proposed by the noticees. The same was approved by SEBI on July 7, 2008.
3. In terms of the proposal of the noticees for the sole purpose of settling the matter on hand and without admission or denial of guilt on the part of the noticees to the finding of fact or conclusion of law, the noticees have remitted a sum of Rs. 75,000/- (Rupees Seventy five thousand only), vide Demand Draft No. 451094 dated July 17, 2008 drawn on the Corporation Bank, Mumbai, towards the terms of consent in the matter. 4. In view of the above, it is hereby ordered that: i) this consent order disposes of the said adjudication proceedings pending
against the noticees under SEBI Act, 1992 and ii) passing of this order is without prejudice to the right of SEBI to take enforcement actions including commencing / reopening of the pending proceedings against the noticees, if SEBI finds that: a. any representations made by the noticees in the consent
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Source: SecMarx — sebi:CO/CFD/1181/AO/DSR/15/2008. 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.