sebi:SO/EFD-2/CSD/251/NOV/2018
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Facts / Headnote
Proposed adjudication proceedings settled and disposed of qua the applicant; SEBI shall not initiate enforcement action for the said default
Regulations
- Reg. 17
- Reg. 15
Parties
- Bal Kishan Gupta
- Ashutosh Gupta
- Ritu Gupta
- Manju Bansal
- Sanjay Bansal
Holding
The proposed adjudication proceedings for the alleged default discussed in paragraph 1 are settled and disposed of qua the applicant, and SEBI shall not initiate any enforcement action against the applicant for the said default.
Full text
Settlement order in the matter of Bal Kishan Gupta, Ashutosh Gupta, Ritu Gupta, Manju Bansal and Sanjay Bansal Page 2 of 2
Eight Hundred Forty Four only) and Demand Draft No. 484890 dated October 30, 2018 drawn on Yes Bank Limited of ₹6,00,000/- (Rupees Six Lakhs only) has in total remitted ₹40,14,844/- (Rupees Forty Lakh Fourteen Thousand Eight Hundred Forty Four only) towards the settlement charges.
5. Accordingly, the proposed adjudication proceedings for the alleged default as discussed in paragraph 1 above, are settled qua the applicant as per the above terms, by way of this order and SEBI shall not initiate any enforcement action against the applicant for the said default.
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Source: SecMarx — sebi:SO/EFD-2/CSD/251/NOV/2018. 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.