sebi:CO/ID6/1124/20/2008
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Facts / Headnote
Consent order disposing of proceedings under Sections 11 and 11B of SEBI Act, 1992; applicant restrained from dealing in securities for six months; Rs.1,00,000 remitted.
Holding
The applicant is restrained from buying, selling or dealing in securities directly or indirectly for six months from the date of the consent order, and the proceedings under Sections 11 and 11B of the SEBI Act, 1992 are disposed of on the applicant remitting Rs.1,00,000 without admission or denial of guilt.
Full text
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 the part of the applicant to the finding of fact or conclusion of law, applicant has remitted a sum of Rs.1,00,000/- (Rupees One Lakh only) vide Demand Draft No. 023025 dated June 10, 2008 drawn on HDFC Bank, Mumbai.
4. In view of the above, it is hereby ordered that; i) the applicant shall not buy, sell or deal in securities directly or indirectly in any manner for a period of six months from the date of this consent
order. ii) this consent order disposes of the said proceedings under Sections 11 and 11B of SEBI Act, 1992 pending before SEBI against the applicant in the matter of M/s. Shalibhadra Infosec Ltd.- I and iii) passing of this order by SEBI is without prejudice to the right of SEBI to take enforcement action including commencing / reopening of the pending proceedings against the applicant if; a. any representation made by the applicant in the consent proceedings is subsequently discovered to be untrue. b. the applicant have 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/ID6/1124/20/2008. 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.