sebi:SO/EFD-2/SD/294/JULY/2019
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Facts / Headnote
Proposed proceedings settled qua the applicant; SEBI shall not initiate enforcement action for the said defaults subject to conditions.
Provisions invoked
- s. 15J
Regulations
- Reg. 25
- Reg. 34
- Reg. 23
Parties
- RHC Holding Private Limited
Holding
The proposed proceedings that could have been initiated for the defaults referred to in paragraph 1 are settled qua RHC Holding Private Limited upon payment of settlement and delay charges. SEBI shall not initiate enforcement action against the applicant for those defaults, subject to its reserved rights.
Full text
Settlement Order in respect of RHC Holding Private Limited Page 2 of 2 4. In reply, the applicant vide letter dated July 3, 2019, remitted a sum of `6,17,903/- (Rupees Six Lakhs Seventeen Thousand Nine Hundred and Three only) i.e `5,61,730/- towards settlement
charges and `56,173/- towards charges for delay in submission of revised settlement terms, vide Demand Draft Number 000590 dated July 3, 2019 drawn on HDFC Bank.
5. In view of the above, in exercise of the powers conferred under Section 15JB of the Securities and Exchange Board of India Act, 1992 and in terms of Regulations 23 and 28 read with Regulation 34 of the Settlement Regulations, it is hereby ordered that:
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Source: SecMarx — sebi:SO/EFD-2/SD/294/JULY/2019. 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.