sebi:SO/EFD-2/SD/136/APR/2017
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Facts / Headnote
Settled - proposed adjudication proceedings disposed of with no enforcement action for the said defaults
Regulations
- Reg. 17
- Reg. 15
Parties
- Giza Estaes Pvt. Limited
Holding
The proposed adjudication proceedings against the applicant were settled and disposed of upon payment of Rs. 2,00,000 towards settlement charges, and SEBI shall not initiate any enforcement action against the applicant for the said defaults.
Full text
Settlement order in respect of Giza Estaes Pvt. Limited Page 2 of 2 Whole Time Members of SEBI had accepted the said recommendations of the HPAC and the same was communicated to the applicant vide e-mail dated March 21, 2017.
4. The applicant vide Demand Draft no. 335974 dated March 24, 2017, drawn on Karur Vysya Bank, payable at Mumbai has remitted a sum of `2,00,000/- (Rupees Two Lakh only) towards the settlement charges.
5. Accordingly, the adjudication proceedings proposed to be 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 initiate any enforcement action against the applicant for the said defaults.
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Source: SecMarx — sebi:SO/EFD-2/SD/136/APR/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.