sebi:CO/MIRSD/DRA-P/199/2009
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
consent order disposes of the enquiry proceedings pending before SEBI against the applicant
Holding
This consent order disposes of the pending enquiry proceedings against the applicant upon payment of Rs.75,000 as settlement charges and Rs.25,000 as administrative expenses, without admission or denial of guilt.
Full text
Page 2 of 3 3. While further proceedings in the matter were in progress, the applicant, vide letter dated September 18, 2008, proposed settlement of the proceedings through a consent order in terms of SEBI circular No.EFD/ED/Cir.01 dated April 20, 2007. He proposed revised terms of consent vide letter dated February 03, 2009. The High Powered Advisory Committee, constituted by SEBI, considered the terms proposed by the applicant and recommended the case for settlement. As per the terms of settlement, the applicant shall pay Rs.75,000/- (Rupees seventy five thousand only) as settlement charges and Rs.25,000/- (Rupees twenty five thousand only) as administrative expenses. SEBI accepted the said terms of settlement and communicated the same to the applicant.
Page 3 of 3 ii. the applicant breaches any of the clauses/conditions of undertakings/ waivers filed during this consent proceeding.
4. For the sole purpose of settling the matter on hand and without admission or denial of guilt on the part of the applicant to the finding of fact or
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:CO/MIRSD/DRA-P/199/2009. 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.