sebi:CO/MIRSD/DRA-PD/176/2009
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Settled by consent; SEBI to take no enforcement action for the covered violations
Holding
SEBI accepted the consent terms and ordered that no enforcement action shall be taken against the applicant for the violations mentioned above upon payment of settlement and administrative charges.
Full text
Page 2 of 3 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. 25,000/- (Rupees twenty five thousand only) as settlement charges and Rs. 5,000 (Rupees five thousand only) as administrative charges. SEBI accepted the said terms of settlement.
Page 3 of 3 Central Depository Services (India) Ltd. and National Securities Depository Ltd. of which the applicant is a depository participant.
3. For the 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
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Source: SecMarx — sebi:CO/MIRSD/DRA-PD/176/2009. 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.