sebi:SO/EFD-2/SD/133/FEB/2017
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Facts / Headnote
Settlement order disposing of possible proceedings against the Applicants
Regulations
- Reg. 17
- Reg. 15
Parties
- Ashok Kundalia
- M/s Dwitiya Trading Limited
Holding
The possible proceedings for the alleged violations against the Applicants are settled on payment of Rs. 6,75,000/- as settlement charges, and SEBI shall not initiate enforcement action against the Applicants for the said defaults.
Full text
Settlement order in respect of Ashok Kundalia and Others in the matter of M/s Dwitiya Trading Limited Page 2 of 2 the aforementioned defaults. The Panel of Whole Time Members of SEBI had accepted the said recommendation of the HPAC and the same was communicated to the Applicants vide e-mail dated January 20, 2017.
4. Accordingly, the Applicants vide Demand Draft no. 381466 dated January 21, 2017, drawn on State Bank of Hyderabad, payable at Mumbai have remitted a sum of `6,75,000/- (Rupees Six Lakh and Seventy Five Thousand Only) towards the settlement charges.
5. Accordingly, the possible proceedings for the alleged violations, as discussed in paragraph 1 above, are settled qua the Applicants as per the above terms, by way of this
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Source: SecMarx — sebi:SO/EFD-2/SD/133/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.