sebi:CO/MIRSD/DRA-P/220/2009
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Facts / Headnote
Enquiry proceedings disposed of via consent order upon payment of settlement charges
Holding
This consent order disposes of the pending enquiry proceedings against the applicant upon payment of Rs. 6,00,000 as settlement charges without admission or denial of guilt.
Full text
Page 2 of 3 2004 was issued to the applicant. The applicant replied to the show cause notice vide letter dated January 11, 2005.
Page 3 of 3 7. A copy of the order shall be served on Bombay Stock Exchange of which the applicant is a trading member. 8. This consent order is passed on the 18th day of May, 2009 and shall come into force with immediate effect.
3. While further proceedings in the matter were in progress, the applicant, vide application dated April 22, 2008, requested for settlement of the proceedings through a consent order in terms of SEBI circular No.EFD/ED/Cir.01 dated April 20, 2007. The applicant proposed revised terms of consent vide letter dated November 27, 2008. 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. 6,00,000/- (Rupees six lakh only) as settlement charges. SEBI accepted the said terms of settlement and communicated the same to the applicant.
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Source: SecMarx — sebi:CO/MIRSD/DRA-P/220/2009. 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.