sebi:CO/ISD/1666/175/2009
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Facts / Headnote
Disposed by consent on payment of settlement charges; interim directions revoked qua applicant
Holding
The pending proceedings under sections 11B, 11(4) and 11D of the SEBI Act, 1992 and adjudication proceedings against the applicant are disposed of by consent upon payment of Rs.10,00,000, and the directions in the ad-interim order dated June 18, 2007 are revoked in so far as they relate to the applicant.
Full text
Page 2 of 2 lakh only) towards settlement charges, after noting that the applicant had already undergone cease and desist order since June 18, 2007. SEBI accepted the said recommendations and communicated the same to the applicant vide letter dated October 28, 2008.
4. Accordingly, the applicant, without admitting or denying the charges, has remitted a sum of Rs.10,00,000 (Rupees ten lakh only) towards settlement charges vide demand draft No. 022559 dated 26/12/2008 drawn on Induslnd Bank, payable at Mumbai.
5. In view of the above, it is hereby ordered that this consent order disposes of the pending proceedings under sections 11B, 11 (4) and 11D of the SEBI Act, 1992 as well as the adjudication proceedings against the applicant and revokes the
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Source: SecMarx — sebi:CO/ISD/1666/175/2009. 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.