sebi:MC/CB/2018-19/637
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Facts / Headnote
Pending adjudication proceedings disposed of on settlement
Regulations
- Reg. 17
- Reg. 15(1)
Parties
- Intellivate Capital Ventures Ltd.
Holding
Pending adjudication proceedings initiated against Intellivate Capital Ventures Ltd. under SCN dated July 28, 2017 are disposed of in terms of Regulation 15(1) of the Settlement Regulations upon acceptance of settlement terms and receipt of Rs. 2,00,000.
Full text
Settlement Order in the matter of Intellivate Capital Ventures Ltd. Page 2 of 3 5. Thereafter, the Noticee had a meeting with the Internal Committee of the SEBI (hereinafter be referred to as, the “IC”) on March 22, 2018 and proposed settlement terms.
Settlement Order in the matter of Intellivate Capital Ventures Ltd. Page 3 of 3 10. This settlement order passed on this 5th day of June 2018 shall come into force with immediate effect.
6. The settlement terms as proposed by the Noticee / Applicant were considered by the IC and it placed the same before the High Powered Advisory Committee (hereinafter be referred to as, the “HPAC”) on April 09, 2018. After considering the facts / circumstances of the case, material brought before it and taking note that the Applicant is agreeable to pay the settlement amount calculated as per Settlement Regulations, the HPAC recommended that the case may be settled on payment of `2,00,000/- (Rupees Two Lakh only) towards settlement terms as proposed by the Applicant.
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Source: SecMarx — sebi:MC/CB/2018-19/637. 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.