sebi:CO/CFD/875/165/2009
Facts / Headnote
SEBI shall not take enforcement action against the applicant for failure to comply with the Regulations, subject to conditions.
Regulations relied on
- SEBI (SAST) Regulations, 1997
Holding
SEBI agreed not to take enforcement action against the applicant for its failure to comply with the Regulations in this matter, in exchange for settlement charges of Rs.1,75,000/- remitted without admitting or denying guilt.
Full text
Page 2 of 2 3. Accordingly, the applicant, without admitting or denying guilt, has remitted a sum of Rs.1,75,000/- (Rupees one lakh seventy five thousand only) towards settlement charges vide demand draft no. 064727 dated January 10, 2009 drawn on HDFC 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 the aforesaid Regulations in this matter.
5. This order is without prejudice to the right of SEBI to initiate enforcement actions, including commencing or reopening of the proceedings pending against the applicant, 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 during this consent proceeding.
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Source: SecMarx — sebi:CO/CFD/875/165/2009. 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.