sebi:SO/EFD-2/SD/208/MAR/2018

SEBI · SEBI · 2018-03-19 · G. Mahalingam and Madhabi Puri Buch, Whole Time Members

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Facts / Headnote

Settled and disposed of

Regulations

• Reg. 17
• Reg. 15

Parties

• M/s Vyapar Industries Limited

Holding

The proposed adjudication proceedings for the alleged defaults are settled qua the applicants upon payment of settlement charges, and SEBI shall not initiate any enforcement action against the applicants for the said defaults.

Full text

Settlement order in the matter of M/s Vyapar Industries Limited Page 2 of 2 `7,10,985/- (Rupees Seven Lakh Ten Thousand Nine Hundred Eighty Five 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 order and SEBI shall not initiate any enforcement action against the applicants for the said defaults.

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 applicants 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 applicants, if SEBI finds that: a. any representation made by the applicants in the present settlement proceedings is subsequently discovered to be untrue; b. the applicants have breached any of the clauses/ conditions of undertakings/ waivers filed during the present settlement proceedings.

Source: SecMarx — sebi:SO/EFD-2/SD/208/MAR/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.