sebi:CO/EFD1/DRA3/101/October/2016

SEBI · SEBI · 2016-09-16 · Rajeev Kumar Agarwal and S. Raman, Whole Time Members

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Facts / Headnote

Settlement order disposing of pending adjudication proceedings against the applicant upon payment of settlement charges

Regulations

• Reg. 17

Parties

• IM+ Capitals Limited (formerly known as Brescon Advisors and Holdings Ltd.)

Holding

The settlement order disposes of the pending adjudication proceedings against the applicant, IM+ Capitals Limited, upon payment of Rs.6,45,000 towards settlement charges as recommended by the High Powered Advisory Committee and approved by the Panel of Whole Time Members.

Full text

4. The High Powered Advisory Committee (HPAC) in its meeting held on July 4, 2016, considered the settlement terms proposed by the applicant and recommended the case for settlement upon payment of Rs.6,45,000 (Rupees six lakhs forty five thousand only) towards settlement charges and the same was approved by the Panel of Whole Time Members. Thereafter, the same was communicated to the applicant, vide email dated September 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. IM+ Capitals Limited (formerly known as Brescon Advisors and Holdings Ltd.) having address at B-02, Gokul Horizen, Thakur Village, Kandivali East, Mumbai – 400101.

5. Accordingly, the applicant has, vide Demand Draft No. 021485 dated September 20, 2016 drawn on HDFC Bank, remitted a sum of Rs.6,45,000 (Rupees six lakhs forty five thousand only) towards the settlement charges.

Source: SecMarx — sebi:CO/EFD1/DRA3/101/October/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.