sebi:EAD-5/BS/38/2017-18
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Facts / Headnote
Settlement order disposing of adjudication proceedings initiated against the Applicant, Ms. Mamta Sehgal, on payment of Rs. 7,73,500/- towards settlement charges.
Regulations
- Reg. 17
- Reg. 15(1)
Parties
- Ms. Mamta Sehgal
Holding
The adjudication proceedings initiated against Ms. Mamta Sehgal vide Show Cause Notice dated October 26, 2016 are disposed of pursuant to a settlement order, on payment of Rs. 7,73,500/- as settlement charges.
Full text
Page 2 of 3 settle, through settlement order, the aforementioned adjudication proceedings for the alleged violations. 4. The settlement terms of Rs. 7,73,500/- (Rupees Seven Lakh Seventy Three Thousand Five Hundred only), as proposed by the Applicant vide letter dated December 09, 2017, was placed before the High Powered Advisory Committee (hereinafter referred to as ‘HPAC’) on December 20, 2017. The HPAC, after considering the facts and circumstances of the matter and the settlement terms proposed by the Applicant, recommended that the aforesaid adjudication proceedings may be settled on payment of Rs. 7,73,500/- (Rupees Seven Lakh Seventy Three Thousand Five Hundred only) towards settlement charges. The Panel of Whole Time Members of SEBI approved the said recommendations of the HPAC and the same was communicated to the Applicant vide email dated February 05, 2018.
Page 3 of 3 i. any representation made by the Applicant in the settlement proceedings is subsequently found to be untrue; or ii. the Applicant breaches any of the clauses / conditions of undertakings / waivers filed during the current settlement proceedings.
5. Accordingly, the Applicant vide letter dated February 08, 2018 has remitted a sum of Rs. 7,73,500/- (Rupees Seven Lakh Seventy Three Thousand Five Hundred only) towards settlement charges through Demand Draft no. 002045 dated February 08, 2018 drawn on Axis Bank Ltd.
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Source: SecMarx — sebi:EAD-5/BS/38/2017-18. 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.