sebi:SO/EFD-2/SD/157/AUG/2017
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Facts / Headnote
settled
Regulations
- Reg. 17
- Reg. 15
Holding
The proposed adjudication proceedings against the applicants for the alleged defaults were settled and disposed of upon payment of Rs. 5,17,500 towards settlement terms, and SEBI shall not initiate any enforcement action against the applicants for those defaults.
Full text
Settlement order in the matter of RTS Power Corporation Limited Page 2 of 2 considered the settlement terms proposed by the applicants and recommended the case for settlement upon payment of `5,17,500/- (Rupees Five Lakh Seventeen Thousand Five Hundred only) by the applicants towards settlement terms for the aforementioned alleged defaults. The Panel of Whole Time Members of SEBI accepted the said recommendation of the HPAC and the same was communicated to the applicants vide e-mail dated July 12, 2017.
4. The applicants vide Demand Draft no. 334449 dated July 13, 2017, drawn on State Bank of India have remitted `5,17,500/- (Rupees Five Lakh Seventeen Thousand Five Hundred only) towards the settlement charges.
5. Accordingly, the proposed adjudication proceedings for the alleged defaults 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/157/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.