sebi:SO/EFD-2/SD/245/NOV/2018
Facts / Headnote
Settled
Regulations relied on
- SEBI (SAST) Regulations, 2011 — 29(1)
- SEBI (SAST) Regulations, 2011 — 29(3)
Parties
- Baron Emerging Markets Fund and Ors
Holding
The proceedings that could have been initiated for the defaults are settled qua the applicants as per the above terms, and SEBI shall not initiate any enforcement action against the applicants for the said defaults.
Full text
Settlement order in the matter of Baron Emerging Markets Fund and Ors Page 2 of 2 5. Accordingly, the proceedings that could have been initiated for the 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 proceedings that may be initiated for the defaults as mentioned above, in respect of the applicants 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:
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Source: SecMarx — sebi:SO/EFD-2/SD/245/NOV/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.