sebi:CO/MIRSD/1546/AO/PKB/42/2009
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Facts / Headnote
Adjudication proceedings against the noticee under SEBI Act, 1992 disposed of on consent terms upon payment of Rs. 50,000.
Parties
- M/s Archana Software Limited
Holding
The adjudication proceedings against M/s Archana Software Ltd. are disposed of by consent upon payment of Rs. 50,000 without admission or denial of guilt.
Full text
Consent Order in respect of M/s Archana Software Limited. Page 2 of 2 06/05/2009 administrative charges. The revised consent terms were placed before the High Powered Advisory Committee (HPAC) on March 12, 2009 and HPAC after deliberation recommended the case for settlement on the revised consent terms proposed by the noticee.
4. In terms of the proposal of the noticee 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, the noticee has remitted a sum of Rs. 50,000/- (Rupees Fifty Thousand only) vide Demand Draft No. 656908 and 656907, dated May 04, 2009 favouring SEBI drawn on the Syndicate Bank, Mumbai, towards the terms of consent in the matter.
5. In view of the above, it is hereby ordered that: i) this consent order disposes of the said adjudication proceedings pending against the noticee under SEBI Act, 1992 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 representations made by the noticee in the consent
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Source: SecMarx — sebi:CO/MIRSD/1546/AO/PKB/42/2009. 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.