sebi:CO/CFD-DCR/2109/AO/PKB/EAD-4/35/2009
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Facts / Headnote
Consent order disposing of pending adjudication proceedings against the noticee
Parties
- Gandhidham Spinning & Mfg. Co. Ltd
Holding
The adjudication proceedings pending against Gandhidham Spinning & Mfg. Co. Ltd under the SEBI Act, 1992 are disposed of pursuant to consent terms settled for Rs. 35,000/-, without admission or denial of guilt.
Full text
Consent Order in respect of Gandhidham Spinning & Mfg. Co. Ltd Page 2 of 2 4/24/2009 only) towards consent terms and Rs. 10,000/- (Rupees Ten Thousand only) towards administrative expenses.
5. The revised consent terms were placed before the High Powered Advisory Committee (hereinafter referred to a “HPAC”) and HPAC after deliberation recommended the case for settlement on the revised consent terms proposed by the noticee.
6. In terms of the proposal of the noticee for the sole purpose of settling the matter on hand and without admission or denial of guilt on the part of the noticee to the finding of fact or conclusion of law, the noticee vide letter dated April 17, 2009 remitted consolidated sum of Rs. 35,000/- (Rupees Thirty Five Thousand only) vide Demand Draft No. 951688 dated April 17, 2009 drawn on the State Bank of India, Gandhidham towards the terms of consent in the matter.
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Source: SecMarx — sebi:CO/CFD-DCR/2109/AO/PKB/EAD-4/35/2009. 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.