sebi:EAD-2/AO/DSR/BKM/577/2016
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Facts / Headnote
Settlement order disposing of adjudication proceedings initiated against the noticee
Regulations
- Reg. 17
- Reg. 15(1)
Holding
The adjudication proceedings initiated against the noticee vide the show cause notice dated February 24, 2016 are disposed of in terms of Regulation 15(1) of Settlement Regulations, on the noticee's payment of Rs. 2,67,750/- as settlement charges.
Full text
Page 2 of 2 After considering the facts and circumstances of the case, the HPAC recommended that the case may be settled on payment of ` 2,67,750/- (Rupees Two Lakh Sixty Seven Thousand Seven Hundred Fifty only) towards settlement charges which were approved by the panel of the Whole Time Members, SEBI on September 02, 2016.
4. Accordingly, the noticee has remitted a sum of ` ` 2,67,750/- (Rupees Two Lakh Sixty Seven Thousand Seven Hundred Fifty only) vide demand draft No. 023615 dated October 24, 2016, drawn on HDFC Bank Ltd towards the terms of settlement in the matter.
5. In view of the above, in terms of Regulation 15(1) of Settlement Regulations, it is hereby ordered that this settlement order disposes of the adjudication proceedings initiated against the noticee vide the show cause notice dated February 24, 2016.
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Source: SecMarx — sebi:EAD-2/AO/DSR/BKM/577/2016. 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.