sebi:SO/EFD-2/SD/179/DEC/2017
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Facts / Headnote
Proposed adjudication proceedings settled and disposed of qua the applicants; SEBI shall not initiate any enforcement action for the said alleged default, subject to conditions
Regulations
- Reg. 17
- Reg. 15
Holding
The proposed adjudication proceedings against the applicants for the alleged default are settled and disposed of upon payment of Rs. 7,98,273 towards settlement charges, and SEBI shall not initiate any enforcement action against the applicants for the said alleged default.
Full text
Settlement order in the matter of Aroma Enterprises (India) Limited Page 2 of 2 recommendation of the HPAC and the same was communicated to the applicants vide e- mail dated December 06, 2017.
4. The applicants vide Demand Draft no. 006924 dated December 15, 2017, drawn on The Kalupur Commercial Co-operative Bank Limited have remitted `7,98,273/- (Rupees Seven Lakh Ninety Eight Thousand Two Hundred and Seventy Three 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 applicants as per the above terms, by way of this
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Source: SecMarx — sebi:SO/EFD-2/SD/179/DEC/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.