sebi:SO/EFD-2/SD/297/AUGUST/2019
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Settled
Provisions invoked
- s. 15J
- s. 12(3)
Regulations
- Reg. 25
- Reg. 34
- Reg. 23
Parties
- Axis Bank Ltd., Debenture Trustee
Holding
The proceedings under Section 12(3) of the SEBI Act, 1992 along with the adjudication proceedings against Axis Bank Ltd., Debenture Trustee were settled upon payment of Rs 2,43,00,000 towards settlement charges.
Full text
Settlement order in the matter of Axis Bank Ltd., Debenture Trustee. Page 2 of 3 4. The High Powered Advisory Committee (‘HPAC’) in its meeting held on June 27, 2019
Settlement order in the matter of Axis Bank Ltd., Debenture Trustee. Page 3 of 3 8. In terms of Regulation 25 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.
considered the settlement terms proposed and recommended the case for settlement upon payment of ₹2,43,00,000/- (Rupees Two Crore Forty Three Lakh only) by the applicant towards settlement charges for the aforementioned defaults. The Panel of Whole Time Members of SEBI accepted the said recommendation of the HPAC on July 03, 2019, and the same was communicated to the applicant vide e-mail dated July 05, 2019.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:SO/EFD-2/SD/297/AUGUST/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.