sebi:CO/IVD-ID-8/1972/AO/SD/17/2009
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Facts / Headnote
Adjudication proceedings disposed of by consent order
Parties
- Shri Pradeep H Ambre
Holding
The adjudication proceedings pending against Shri Pradeep H Ambre under the Securities and Exchange Board of India Act, 1992 are disposed of by this consent order on payment of Rs. 50,000 towards settlement charges and voluntary debarment from dealing in the securities market.
Full text
Page 2 of 3 3. Further, pending the adjudication proceedings, the Noticee had filed the application for consent proceedings vide the Consent Application dated September 6, 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. 50,000/- (Rupees Fifty Thousand only) towards settlement charges and one year voluntary debarment from trading in shares for the above said adjudication proceedings vide letter dated 2nd February, 2009. The terms as proposed by Noticee were placed before the High Powered Advisory Committee (HPAC) meeting held on February 25, 2009 and after considering the facts and circumstances of the case, the HPAC recommended that the case may be settled on payment of Rs. 50,000/- (Rupees Fifty Thousand only) towards settlement
Page 3 of 3 (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
charges and voluntary debarment from buying, selling or dealing in the securities market, which has been approved by the panel of Whole Time Members of SEBI on 18th March, 2009.
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Source: SecMarx — sebi:CO/IVD-ID-8/1972/AO/SD/17/2009. 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.