sebi:CO/ID-4/1115/12/2008
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Facts / Headnote
Consent order disposing of pending enquiry proceedings against the applicant
Holding
SEBI passed a consent order disposing of the enquiry proceedings pending against the applicant in the matter of M/s. Flex Industries Ltd., M/s. Flex Engineering Ltd. and FCL Technologies & Products Ltd., on payment of Rs. 8,00,000 without admission or denial of guilt.
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, applicant has remitted a sum of Rs.8, 00,000/- (Rupees Eight Lac only) vide Demand Draft No. 032044 dated December 3, 2007 drawn on HDFC Bank, Mumbai, towards the terms of consent in the matter.
4. In view of the above, it is hereby ordered that: i) This consent order disposes off the said enquiry proceedings pending before SEBI against the applicant in the matter of M/s. Flex Industries Ltd., M/s. Flex Engineering Ltd. and FCL Technologies & Products Ltd., and
ii) Passing of this order by SEBI is without prejudice to the right of SEBI to take enforcement action including commencing/ re-opening of the pending proceedings against the applicant if
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Source: SecMarx — sebi:CO/ID-4/1115/12/2008. 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.