sebi:SO/EFD-2/SD/139/APR/2017
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Facts / Headnote
Settled
Regulations
- Reg. 17
- Reg. 15
Parties
- Mangal Keshav Capital Limited
Holding
The proposed adjudication proceedings against Mangal Keshav Capital Limited in the matter of Man Industries (India) Limited are settled and disposed of, and SEBI shall not initiate any enforcement action against the applicant for the said defaults.
Full text
Settlement order in respect of Mangal Keshav Capital Limited in the matter of in the matter of Man Industries (India) Limited Page 2 of 2
Thousand Nine Hundred Thirty Eight 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.
6. 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 said proposed adjudication proceedings 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 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/139/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.