sebi:MC/DPS/2018-19/1666
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Facts / Headnote
Pending adjudication proceedings against the Noticee disposed off in terms of Regulation 15(1) of the Settlement Regulations upon settlement
Provisions invoked
- s. 15A
- s. 15I
Regulations
- Reg. 17
- Reg. 15(1)
- Reg. 10(c)
- Reg. 47(3)
Parties
- M/s Geosphere (Mauritius) Fund Limited
Holding
The pending adjudication proceedings initiated against M/s Geosphere (Mauritius) Fund Limited under SCN dated April 28, 2016 are disposed off in terms of Regulation 15(1) of the Settlement Regulations upon acceptance of settlement terms and receipt of the settlement amount.
Full text
BEFORE THE ADJUDICATING OFFICER SECURITIES AND EXCHANGE BOARD OF INDIA SETTLEMENT ORDER NO. MC/DPS/2018-19/1666 SETTLEMENT ORDER On the Application No. 3404 of 2017 Submitted by M/s Geosphere (Mauritius) Fund Limited
Settlement Order in the matter of M/s Geosphere (Mauritius) Fund Limited Page 2 of 3 wherein it was alleged that the Noticee had violated provisions of regulation 10(c) of FII Regulations, 1995 read with regulations 47(3) of FPI Regulations, 2014.
Settlement Order in the matter of M/s Geosphere (Mauritius) Fund Limited Page 3 of 3 aforesaid SCN dated April 28, 2016, are hereby disposed off in terms of Regulation 15(1) of the Settlement Regulations.
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Source: SecMarx — sebi:MC/DPS/2018-19/1666. 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.