sebi:SO/EFD-2/SD/182/JAN/2018
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Facts / Headnote
Proceedings under SEBI (Intermediaries) Regulations, 2008 settled and disposed of qua the applicant; SEBI shall not initiate enforcement action for the said defaults subject to conditions
Regulations
- Reg. 17
- Reg. 15
Parties
- HSBC InvestDirect Securities (India) Limited
Holding
The proceedings under SEBI (Intermediaries) Regulations, 2008 against HSBC InvestDirect Securities (India) Limited are settled and disposed of upon payment of Rs. 3,30,57,343 towards settlement charges, and SEBI shall not initiate any enforcement action against the applicant for the said defaults.
Full text
Settlement order in the matter of HSBC InvestDirect Securities (India) Limited Page 2 of 2 communicated to the applicant vide e-mail dated January 04, 2018.
4. The applicant vide Demand Draft no. 202778 dated January 09, 2018, drawn on HDFC Bank has remitted `3,30,57,343/- (Rupees Three Crore Thirty Lakh Fifty Seven Thousand Three Hundred Forty Three only) towards the settlement charges.
5. Accordingly, the proceedings under SEBI (Intermediaries) Regulations, 2008 for the defaults as discussed in paragraph 1 pre-page, 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.
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Source: SecMarx — sebi:SO/EFD-2/SD/182/JAN/2018. 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.