sebi:CO/EFD/93/APRIL/2016
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Settlement order disposing of adjudication proceedings against the applicant upon payment of settlement charges
Regulations
- Reg. 17
Parties
- RHC Holding Private Limited
Holding
The settlement order disposes of the adjudication proceedings initiated against RHC Holding Private Limited vide notice dated February 20, 2015, upon payment of Rs.38,96,253 as settlement charges.
Full text
charges . 4. The High Powered Advisory Committee (HPAC) in its meeting held on January 28, 2016,considered the settlement terms proposed by the applicant and recommended the case for settlement upon payment of Rs.38,96,253 (Rupees Thirty Eight Lakh Ninety Six Thousand Two Hundred and Fifty Three only)towards settlement charges and the same was approved bythe Panel of Whole Time Members.Thereafter, the same was communicated to the applicant, vide email dated March 16, 2016.
8. In terms of Regulation 17 of SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014, copies of this order are being sent to the applicant viz. RHC Holding Private Limited having registered office at 54, Janpath, New Delhi - 110001.
5. Accordingly, the applicant has, vide Demand Draft No. 043495 dated March 21, 2016 drawn on Axis Bank Ltd., remitted a sum of Rs.38,96,253 (Rupees Thirty Eight Lakh Ninety Six Thousand Two Hundred and Fifty Three only) towards the settlement charges.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:CO/EFD/93/APRIL/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.