sebi:CO/IVD-ID-8/1542/AO/SD/06/2009
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Facts / Headnote
Consent order disposing of pending adjudication proceedings against the Noticee on payment of settlement charges of Rs. 1,50,000/-
Parties
- Fakhruddin T. Moiyadi
Holding
The adjudication proceedings pending against Noticee Fakhruddin T. Moiyadi under the Securities and Exchange Board of India Act, 1992 are disposed of by this consent order, effective immediately, upon payment of Rs. 1,50,000/- as settlement charges.
Full text
Page 2 of 3 March 03, 2008 and an affidavit of “Undertakings and Waivers” in the aforesaid matter in terms of SEBI Circular No. EFD/ED/Cir-1/2007 dated 20th April, 2007 and proposed to pay Rs. 1,50,000/- (Rupees One Lakh and Fiftythousand only) towards settlement charges of the above said adjudication proceedings vide letter dated 25th November, 2008. The terms as proposed by Noticee were placed before the High Powered Advisory Committee (HPAC) meeting held on December 12, 2008 and after considering the facts and circumstances of the case, the HPAC recommended that the case may be settled on payment of Rs. 1,50,000/- (Rupees One Lakh and fifty thousand only), which has been approved by the panel of Whole Time Members of SEBI on 29th December ,2008.
Page 3 of 3 II. the Noticee has breached any of the clauses/conditions of undertakings/waivers filed during the current consent proceedings.
4. In terms of Noticee’s proposal for the sole purpose of settling the matter on hand and without admission or denial of guilt on the part of the Noticee to the finding of fact or conclusion of law, Noticee has remitted a sum of Rs. 1,50,000/- (Rupees One Lakh and Fifty thousand only), vide Demand Draft No. 397455 dated January 13, 2009 drawn on Andhra Bank, Mumbai towards the settlement charges in the aforesaid matter.
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Source: SecMarx — sebi:CO/IVD-ID-8/1542/AO/SD/06/2009. 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.