sebi:CO/IMD/1203/AO/PKB/47/2009
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Facts / Headnote
Adjudication proceedings disposed of on consent terms; noticee to pay Rs. 1,25,000/- towards administrative expenses/consent terms
Parties
- Birla Sun Life Asset Management Co. Ltd.
Holding
The consent order disposes of the pending adjudication proceedings against Birla Sun Life Asset Management Co. Ltd. under the SEBI Act, 1992, on the noticee's consent terms approved by the High Powered Advisory Committee, without admission or denial of guilt.
Full text
Consent Order In Respect of Birla Sun Life Asset Management Co. Ltd. 5/18/2009 Page 2 of 2 Only) towards administrative expenses. The consent terms were placed before the High Powered Advisory Committee (HPAC) and HPAC after deliberation recommended the case for settlement on the consent terms proposed by the noticee.
6. In terms of the proposal of the noticee for the sole purpose of settling the matter on hand and without admission or denial of guilt on the part of the noticee to the finding of fact or conclusion of law, the noticee has remitted a sum of Rs. 1, 25,000/- (Rupees One Lakh and Twenty Five Thousand Only), favouring SEBI, vide Demand Draft No. 449603 dated May 12, 2009 drawn on HDFC Bank, Mumbai, towards the terms of consent in the matter.
7. In view of the above, it is hereby ordered that: i) This consent order disposes of the said adjudication proceedings pending
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Source: SecMarx — sebi:CO/IMD/1203/AO/PKB/47/2009. 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.