sebi:CO/ID-2//1092/08/2008
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Facts / Headnote
Consent order disposing of the enquiry proceedings pending before SEBI against the applicant in the matter of Vatsa Music Ltd.
Holding
SEBI disposed of the pending enquiry proceedings against the applicant in the matter of Vatsa Music Ltd. pursuant to a consent settlement, without admission or denial of guilt, upon remittance of Rs. 5,00,000/-. The order was passed without prejudice to SEBI's right to take enforcement action if representations made were untrue or undertakings breached.
Full text
Page 2 of 2 3. In terms of the applicant’s proposal for the sole purpose of settling the matter on hand and without admission or denial of guilt on part of the applicant to the finding of fact or
conclusion of law, the applicant has remitted a sum of Rs. 5, 00,000/- (Rupees Five Lacs only) to SEBI vide Demand Draft No. 255470 dated November 17, 2007 drawn on HDFC Bank, Jaipur, towards the consent terms in the matter.
4. In view of the above, it is hereby ordered that: a. This consent order disposes off the said enquiry proceedings pending before SEBI against the applicant in the matter of Vatsa Music Ltd. and
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Source: SecMarx — sebi:CO/ID-2//1092/08/2008. 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.