sebi:CO/ID3/853/155/2009
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Facts / Headnote
Enquiry proceedings disposed of by consent with one-month suspension of registration
Holding
This consent order disposes of the enquiry proceedings pending against the applicant in the matter of Soundcraft Industries Limited on payment of Rs. 50,000 as settlement charges and suspension of its certificate of registration (No. INB 011058436) for one month from the date of the order.
Full text
Page 2 of 2 4. Accordingly, the applicant, without admitting or denying the charges, has remitted a sum of Rs. 50,000/- (Rupees fifty thousand only) towards settlement charges vide demand draft No. 344113 dated December 24, 2008 drawn on HDFC Bank Ltd. payable at Mumbai. It has also undertaken to keep its certificate of registration (Regn. No. INB 011058436) suspended for a period of one month from the date of this order.
5. In view of the above, it is hereby ordered that this consent order disposes of the said enquiry proceedings pending against the applicant in the matter of Soundcraft Industries Limited. It is also ordered that the applicant shall keep its certificate of registration (Regn. No. INB 011058436) suspended for a period of one month from the date of this order.
6. A copy of this Order shall be served on the Bombay Stock Exchange Ltd. of which the applicant is a broker to ensure that the applicant does not trade as broker as ordered in Para 5 above.
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Source: SecMarx — sebi:CO/ID3/853/155/2009. 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.