sebi:SO/EFD-2/SD/119/FEB/2017
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Facts / Headnote
Enquiry proceedings settled; SEBI shall not proceed with enforcement action for the said defaults
Regulations
- Reg. 17
- Reg. 15
Parties
- One Life Capital Advisors Limited
Holding
The enquiry proceedings initiated against One Life Capital Advisors Limited by SEBI through Show Cause Notices dated July 07, 2014 and June 27, 2016 are settled as per the terms of the settlement, and SEBI shall not proceed with any enforcement action against the applicant for the said defaults.
Full text
Settlement order in respect of One Life Capital Advisors Limited Page 2 of 2 of Whole Time Members of SEBI had accepted the said recommendations of the HPAC.
4. Accordingly, the Enquiry proceedings initiated against the applicant for the alleged violation 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 proceed with any enforcement action against the applicant for the said defaults.
5. In view of the above, in terms of Regulation 15 and 19 of the Settlement Regulations, it is hereby ordered that: i. this order disposes of the Enquiry proceedings initiated against the applicant vide SCNs dated July 07, 2014 and June 27, 2016, as discussed above and; ii. passing of this order is without prejudice to the right of SEBI to take enforcement actions including recommencing/ reopening of the pending proceedings against the applicant, if SEBI finds that: a. any representations made by the applicant in the present settlement proceedings are subsequently discovered to be untrue; b. the applicant has breached any of the clauses/ conditions of undertakings/ waivers filed during the present settlement proceedings.
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Source: SecMarx — sebi:SO/EFD-2/SD/119/FEB/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.