sebi:CO/IVD-ID-8/1590/AO/SD/05/2009
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Facts / Headnote
disposed via consent settlement
Parties
- Fakhruddin T. Moiyadi
Holding
This consent order disposes of the adjudication proceedings pending against Fakhruddin T. Moiyadi under the Securities and Exchange Board of India Act, 1992 on payment of Rs. 1,00,000 settlement charges and voluntary debarment for three years.
Full text
Page 2 of 3 20th April, 2007 and proposed a self ban for a period of three years and also proposed to pay Rs. 1,00,000/- (Rupees One Lakh 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. 1,00,000/- (Rupees One Lakh only) and voluntary debarment from buying, selling or otherwise dealing in securities marker directly or indirectly for a period of three years towards settlement
Page 3 of 3 I. any representations made by the Noticee in the consent proceedings are subsequently discovered to be untrue.
charges, which has been approved by the panel of Whole Time Members of SEBI on 29th December ,2008. 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. 1,00,000/- (Rupees One Lakh only), vide Demand Draft No. 397441 dated January 10, 2009 drawn on Andhra Bank, Mumbai towards the settlement charges in the aforesaid matter.
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Source: SecMarx — sebi:CO/IVD-ID-8/1590/AO/SD/05/2009. 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.