sebi:CO/ISD/1216/AO/VSS/137/2009
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Facts / Headnote
Settled - proceedings disposed of on payment of settlement charges
Holding
The pending proceedings against the Noticee under the Securities and Exchange Board of India Act, 1992 were disposed of by consent on payment of Rs.9,00,000 towards settlement charges.
Full text
Page 2 of 3 admitting or denying the guilt and subject to clauses of the undertakings and waivers, submitting that it was willing to pay a sum of Rs.9,00,000/- (Rupees nine lakh only) towards settlement charges in the matter. The revised terms as proposed by the Noticee were placed before the High Powered Advisory Committee (hereinafter referred to as ‘HPAC’) on July 24, 2009. The HPAC
Page 3 of 3 5. This consent order is passed on September 09, 2009 and shall come into force with immediate effect. V S Sundaresan Adjudicating Officer
considered the facts and circumstances of the case, consent terms offered by the Noticee and the material brought before it by SEBI and recommended that the case may be settled on payment of Rs.9,00,000/- (Rupees nine lakh only) towards settlement charges in the matter.
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Source: SecMarx — sebi:CO/ISD/1216/AO/VSS/137/2009. 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.