sebi:CO/CFD-DCR/944/213/2009
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Facts / Headnote
No enforcement action pursuant to consent settlement
Holding
SEBI ordered that no enforcement action shall be taken against the applicant for the failure to comply with the aforesaid Regulations in the matter of The Cottanad Plantations Limited after the applicant paid settlement and administrative charges without admitting or denying guilt.
Full text
Page 2 of 2 administrative charges. SEBI accepted the said recommendations and communicated the same to the applicant vide letter dated April 15, 2009.
3. Thereafter, the applicant, without admitting or denying the guilt, has remitted a sum of Rs.1,00,000/- comprising of Rs.90,000/- towards settlement charges and Rs.10,000/- towards administrative charges (Rupees one lakh only) vide demand draft no.239991 dated April 18, 2009 drawn on The Federal Bank Limited 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 the failure to comply with the aforesaid Regulations in the matter of The Cottanad Plantations Limited.
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Source: SecMarx — sebi:CO/CFD-DCR/944/213/2009. 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.