sebi:SO/EFD-2/SD/240/SEP/2018
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Facts / Headnote
Proceedings that may be initiated for the default disposed of in respect of the applicant via settlement with immediate effect
Regulations
- Reg. 17
Parties
- M/s Maharashtra Apex Corporation Limited
Holding
This settlement order disposes of the proceedings that may be initiated for the default mentioned above in respect of M/s Maharashtra Apex Corporation Limited and comes into force with immediate effect from 28 September 2018.
Full text
Settlement order in respect of M/s Maharashtra Apex Corporation Limited Page 2 of 2 i. this order disposes of the proceedings that may be initiated for the default as mentioned above, in respect of the applicant 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.
7. This settlement order is passed on this 28th day of September, 2018 and shall come into force with immediate effect. 8. In terms of regulation 17 of the Settlement Regulations, a copy of this order shall be sent to the applicant and shall also be published on the website of SEBI.
-Sd- -Sd- S.K. MOHANTY ANANTA BARUA WHOLE TIME MEMBER WHOLE TIME MEMBER
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Source: SecMarx — sebi:SO/EFD-2/SD/240/SEP/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.