sebi:CO/ID-1/1147/17/08
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Facts / Headnote
Consent order disposing of pending enquiry proceedings against the applicant
Holding
SEBI disposed of the pending enquiry proceedings against the applicant in the matter of Shree Yaax Pharma & Cosmetics Ltd by way of a consent order, on the applicant remitting Rs. 2,50,000/- without admitting or denying the charges.
Full text
2 before the High Powered Advisory Committee (HPAC) and the HPAC, after deliberation, recommended the case for settlement on the consent terms proposed by the applicant.
3. As per the consent terms, the applicant, without admitting or denying the charges, has remitted a sum of Rs. 2,50,000/- (Rupees Two Lakhs Fifty Thousand only) to SEBI vide Demand Draft No. 453773 dated January 03, 2008 drawn on Axis Bank Ltd., Mumbai, towards the consent terms in the matter.
1. In view of the above, it is hereby ordered that i) This consent order disposes of the said enquiry proceedings pending before SEBI against the applicant in the matter of Shree Yaax Pharma & Cosmetics Ltd , and ii) Passing of this order by SEBI is without prejudice to the right of SEBI to take enforcement actions including commencing / reopening of the pending proceedings against the applicant, if a. Any representations made by the applicant in the consent proceedings are subsequently discovered to be untrue. b. The applicant has breached any of the clauses / conditions of undertakings / waivers filed during the current consent proceedings with SEBI.
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Source: SecMarx — sebi:CO/ID-1/1147/17/08. 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.