sebi:CO/CFD-DCR/364/186/2009
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Facts / Headnote
SEBI shall not take any enforcement action against the applicant for its failure to comply with the aforesaid Regulations.
Holding
SEBI agreed not to take enforcement action against the applicant for its failure to comply with the regulations referred to in the consent proceeding, subject to conditions.
Full text
Page 2 of 2 dated February 21, 2009 drawn on The Janalaxmi Co-operative Bank Ltd. 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.
5. This order is without prejudice to the right of SEBI to initiate enforcement actions, including commencing appropriate enforcement proceedings against applicant for 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 during this consent proceeding.
6. This consent order is passed on this day, the 24th March, 2009 and shall come into force with immediate effect. M. S. Sahoo Whole Time Member
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Source: SecMarx — sebi:CO/CFD-DCR/364/186/2009. 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.