sebi:CO/EFD/88/JAN/2016
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Facts / Headnote
Settled
Holding
The violation of regulation 95(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 is settled according to the settlement terms by way of this order, and the Securities and Exchange Board of India shall not initiate any enforcement action against the applicant for the said violation.
Full text
Whole Time Members.Thereafter, the same was communicated to the applicant, vide email dated December 18, 2015. 4. Accordingly, the applicant has, vide Demand Draft No. 042558 dated December 24, 2015 drawn on Axis Bank Ltd., remitted a sum of Rs.6,00,000/- (Rupees Six lakhs only) towards the settlement charges.
5. In view of the above, the violation of the provisions ofregulation 95(1) of the Securities and Exchange Board of India (Issue of capital and Disclosure Requirements) Regulations, 2009, are settled according to the aforesaid settlement terms by way of this order and the Securities and Exchange Board of India shall not initiate any enforcement action against the applicant for the said violation.
6. This settlement order passed on this the 22nd day of January, 2016 shall come into force with immediate effect. RAJEEV KUMAR AGARWAL
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Source: SecMarx — sebi:CO/EFD/88/JAN/2016. 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.