sebi:CO/IVD/1002/AO/VSS/01/2007
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Facts / Headnote
Consent order disposing of pending proceedings against the noticee under SEBI Act, 1992 on payment of Rs.1,00,000/-
Parties
- M/s Aditya Securities
Holding
The consent order disposes of the pending proceedings against M/s Aditya Securities under the SEBI Act, 1992 upon payment of Rs.1,00,000/- as per the consent terms recommended by the committee and agreed to by the whole time members of the Board.
Full text
Page 2 of 2 that the case may be settled on payment of Rs.1,00,000/- (Rupees one lakh only). The recommendations of the committee were placed before the two whole time members of the Board who have agreed to the terms of consent as recommended by the committee.
3. In pursuance of the aforesaid consent terms, the noticee has remitted a sum of Rs.1,00,000/- (Rupees one lakh only), vide Demand Draft No.003245 dated October 16, 2007 drawn on HDFC Bank, Mumbai, towards the terms of consent in the matter.
4. In view of above, it is hereby ordered that, i) this consent order disposes of the said proceedings pending against the noticee under SEBI Act, 1992 in the matter of M/s Aditya Securities, and ii) passing of this order is without prejudice to the right of SEBI to take enforcement actions including commencing / reopening of the pending proceedings against the noticee, if SEBI finds that a. any representation made by the noticee in the consent proceedings is subsequently discovered to be untrue. b. the noticee has breached any of the clauses / conditions of undertakings / waivers filed during the current consent proceedings.
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Source: SecMarx — sebi:CO/IVD/1002/AO/VSS/01/2007. 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.