sebi:SO/EFD-2/SD/147/JUNE/2017
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Facts / Headnote
Settlement - proposed adjudication proceedings disposed of
Regulations
- Reg. 17
- Reg. 15
Parties
- Unimode Overseas Limited
Holding
The proposed adjudication proceedings against Unimode Overseas Limited were disposed of by settlement, and SEBI shall not initiate any enforcement action against the applicant for the said defaults per the settlement terms.
Full text
Settlement order in respect of Unimode Overseas Limited Page 2 of 2 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 representation 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.
7. This settlement order passed on this 5th day of June, 2017 shall come into force with immediate effect. 8. In terms of Regulation 17 of the Settlement Regulations, a copy of this order shall be sent to the applicant and shall also be published on the website of SEBI.
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Source: SecMarx — sebi:SO/EFD-2/SD/147/JUNE/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.