sebi:CO/ISD/164/2009
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Facts / Headnote
Disposed of by consent on payment of settlement charges
Holding
This consent order disposes of the proceedings under sections 11 and 11B and the adjudication proceedings pending against the applicant in the matter of Atlanta Limited upon the applicant's payment of Rs. 35,000 towards settlement charges without admitting or denying the charges.
Full text
2 of 3 2008. It also initiated adjudication proceedings under Chapter VI A of the SEBI Act, 1992. The Adjudication Officer issued show cause notice to the applicant on July 16, 2008.
3 of 3 b. the applicant breach any of the consent terms or undertakings filed in this consent proceeding. 7. This consent order is passed on this day, the 19th March 2009 and shall come into force with immediate effect.
3. While further proceedings in the matter were in progress, the applicant, vide letters dated July 22, 2008 and September 24, 2008, proposed settlement of the pending proceedings through a consent order as per SEBI Circular No.EFD/ED/Cir–1/2007 dated April 20, 2007. The High Powered Advisory Committee appointed by SEBI considered the consent terms proposed by the applicant and after deliberations recommended the case for settlement on payment of Rs. 35,000/- (Rupees thirty five thousand only) towards settlement charges. SEBI accepted the said recommendations and communicated the same to the applicant vide letter dated January 30, 2009.
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Source: SecMarx — sebi:CO/ISD/164/2009. 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.