sebi:SO/EFD-2/SD/155/AUG/2017
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Facts / Headnote
Settled - proposed adjudication proceedings disposed of qua applicant
Regulations
- Reg. 17
- Reg. 15
Parties
- Chanakya Investments Limited
Holding
The proposed adjudication proceedings against Chanakya Investments Limited for the alleged default referred to in paragraph 1 are settled qua the applicant upon payment of Rs 7,31,250 as settlement charges, and SEBI shall not initiate enforcement action for that alleged default.
Full text
Settlement order in the matter of Chanakya Investments Limited Page 2 of 2 4. The applicant vide Demand Draft no. 196940 dated July 26, 2017, drawn on Punjab National Bank has remitted `7,31,250/- (Rupees Seven Lakh Thirty One Thousand Two Hundred Fifty only) towards the settlement charges.
5. Accordingly, the proposed adjudication proceedings for the alleged default 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 alleged default. 6. In view of the above, in terms of regulations 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 is 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/155/AUG/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.