sebi:CO/MIRSD/1990/AO/SD/13/2009
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Facts / Headnote
Adjudication proceedings disposed of by consent order
Holding
This consent order disposes of the adjudication proceedings pending against the noticee under the SEBI Act, 1992 in the matter of Bank of Rajasthan Ltd.
Full text
Page 2 of 3 proposed to pay Rs. 15,000/- (Rupees Fifteen Thousand only) towards settlement charges and Rs. 5,000/- (Rupees Five Thousand only) as administrative charges in the present matter. The terms as proposed by the noticee were placed before the High Powered Advisory Committee (HPAC) meeting held on December 24, 2008 and after considering the facts and circumstances of the case, consent terms offered by the noticee and material put forth before the HPAC by SEBI, the HPAC recommended that the case may be settled on payment of Rs. 15,000/- (Rupees Fifteen Thousand only) towards settlement charges and Rs. 5,000/- (Rupees Five Thousand only) as administrative charges, which has been approved by the Committee of Members vide RNI 60/2009 dated January 23, 2009.
Page 3 of 3 reopening of the pending proceedings against the noticee, if SEBI finds that I. any representations made by the noticee in the consent proceedings are subsequently discovered to be untrue.
3. In terms of the 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, the noticee has remitted a sum of Rs. 15,000/- (Rupees Fifteen Thousand only) and Rs. 5,000/- (Rupees Five Thousand Only), vide Demand Drafts no. 679881 & 679880 respectively dated February 9, 2009 drawn on Bank of Rajasthan Ltd., towards the terms of consent in the matter.
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Source: SecMarx — sebi:CO/MIRSD/1990/AO/SD/13/2009. 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.