sebi:SO/EFD-2/SD/106/JAN/2017
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Facts / Headnote
settled
Regulations
- Reg. 17
- Reg. 13(3)
- Reg. 15
- Reg. 29(2)
Parties
- Primera Partners Pte. Limited
Holding
The proposed adjudication proceedings against Primera Partners Pte. Limited for delayed compliance during May 01, 2014 to November 30, 2014 were settled on payment of settlement charges, and SEBI shall not initiate any enforcement action against the applicant for the said default.
Full text
Settlement order in respect of Primera Partners Pte. Limited Page 2 of 2 (Rupees Five Lakhs Seventy Eight Thousand Three Hundred and Forty Eight only) towards the settlement charges.
5. In view of the same, the adjudication proceedings proposed to be initiated against the applicant for the delayed compliance of regulations 29(2) read with 29(3) of the SAST Regulations and regulation 13(3) of the PIT Regulations during the period starting from May 01, 2014 to November 30, 2014, as discussed above, is settled qua the applicant as per the above terms by way of this order and accordingly SEBI shall not initiate any enforcement action against the applicant for the said default.
6. In view of the above, in terms of Regulation 15 (1) of the Settlement Regulations it is hereby ordered that: i. this order disposes of the said proposed adjudication proceedings pending in respect of the applicant as mentioned above and; ii. passing of this order is without prejudice to the right of SEBI to take enforcement actions including commencing/ reopening of the pending proceedings against the applicant, if SEBI finds that: a. any representations made by the applicant in the settlement proceedings are subsequently discovered to be untrue; b. the applicant has breached any of the clauses/ conditions of undertakings/ waivers filed during the current settlement proceedings.
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Source: SecMarx — sebi:SO/EFD-2/SD/106/JAN/2017. 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.