sebi:CO/CFD-DCR/1032/218/2009
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Facts / Headnote
SEBI shall not take any enforcement action against the applicant for failure to comply with the Takeover Regulations
Holding
SEBI shall not take any enforcement action against the applicant for its failure to comply with the Takeover Regulations. This consent order comes into force with immediate effect.
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 or reopening of the proceedings pending against applicant for the non-compliance mentioned above, 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.
6. This consent order is passed on this day, the 11th May, 2009 and shall come into force with immediate effect. Sd/- M. S. Sahoo Whole Time Member
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Source: SecMarx — sebi:CO/CFD-DCR/1032/218/2009. 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.