sebi:SO/BM/DS/2023-24/7179
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Facts / Headnote
Disposed of by settlement
Provisions invoked
- s. 15J
Regulations
- Reg. 10
- Reg. 25
- Reg. 28
- Reg. 23(1)
Parties
- GSF Managers LLP
Holding
The instant adjudication proceedings initiated against GSF Managers LLP is disposed of in terms of section 15JB of the SEBI Act read with regulation 23(1) of the Settlement Regulations on the basis of the settlement terms.
Full text
Settlement Order in respect of GSF Managers LLP Page 2 of 3 3. Thereafter, the Noticee proposed to settle the instant proceedings initiated against it, without admitting or denying the findings of facts and conclusions of law, through a settlement order and filed a settlement application with SEBI bearing Settlement Application No. 7179/2023 dated March 13, 2023.
Settlement Order in respect of GSF Managers LLP Page 3 of 3 7. Subsequently, the applicant vide email dated January 12, 2024 informed about the remittance of the settlement amount, the receipt of which is confirmed.
4. SEBI appointed Mr G Ramar, Chief General Manager as the Adjudicating Officer (AO) vide Order dated March 17, 2023 in the aforesaid remanded matter. Pursuant to his transfer, Mr Santosh Sharma, Chief General Manager was appointed as the AO vide Order dated July 25, 2023. Pursuant to his transfer, the undersigned was appointed as the AO in the aforesaid matter vide Order dated December 07, 2023.
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Source: SecMarx — sebi:SO/BM/DS/2023-24/7179. 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.