sebi:CO/IVD-4/1081/AO/SD/01/2007

SEBI · SEBI · 2007-08-14 · Sandeep Deore, Adjudicating Officer

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Facts / Headnote

Consent order disposing of pending adjudication proceedings against the noticee; matter settled on payment of Rs.2,00,000/-

Parties

• Sandeep Deore

Holding

The Adjudicating Officer passed a consent order settling the pending adjudication proceedings against the noticee under the SEBI Act, 1992 in the matter of Jindal Stainless Limited, on payment of Rs.2,00,000/- without admission or denial of guilt.

Full text

penalties by Adjudicating Officer) Rules, 1995, to the noticee for the alleged violation of the abovementioned provisions of law by the noticee.

b) 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

2. Pending the adjudication proceedings, the noticee made an application dated August 14, 2007 and an affidavit of “Undertakings and Waivers” in the matter in terms of SEBI Circular No. EFD/ED/Cir-1/2007 dated 20th April, 2007. Pursuant to the said application, the noticee vide letter dated October 4, 2007 had submitted revised consent terms whereby he proposed to pay Rs.2,00,000/- (Rupees two lakhs only) towards consent terms in the matter of said adjudication proceeding initiated by SEBI. The revised terms as proposed by the noticee have been placed before the High Powered Advisory Committee (HPAC) meeting held on October 11, 2007 and HPAC after deliberation recommended that the case may be settled on payment of Rs.2,00,000/- (Rupees Two Lakhs).

Source: SecMarx — sebi:CO/IVD-4/1081/AO/SD/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.