sebi:SO/EFD-2/SD/302/SEP/2019
Facts / Headnote
Settlement allowed; pending and proposed enforcement proceedings disposed of qua the applicant upon payment of Rs. 86,06,250/-
Provisions invoked
- s. 12(1)
- s. 15J
Regulations relied on
- SEBI (AIF) Regulations, 2012
- SEBI (Investment Advisers) Regulations, 2013
- SEBI (Settlement Proceedings) Regulations, 2018
Parties
- Mr. Gokulraj Ponnuraj
Holding
SEBI settled the enforcement proceedings against Mr. Gokulraj Ponnuraj, a Director of HBJ Capital Services Private Limited, upon payment of Rs. 86,06,250/- as settlement amount, without the applicant admitting or denying the findings of fact and conclusion of law.
Full text
Settlement order in respect of Mr. Gokulraj Ponnuraj in the matter of HBJ Capital Services Private Limited. Page 1 of 3 SO/EFD-2/SD/302/SEP/2019
Settlement order in respect of Mr. Gokulraj Ponnuraj in the matter of HBJ Capital Services Private Limited. Page 2 of 3 financial advisory services to the clients under SEBI (Investment Advisers) Regulations, 2013 and investment vehicle promoted by HBJ Capital pooled funds from investors under a scheme covered under SEBI (Alternative Investment Funds) Regulations, 2012. The applicant herein was a Director of HBJ Capital Services Private Limited.
Settlement order in respect of Mr. Gokulraj Ponnuraj in the matter of HBJ Capital Services Private Limited. Page 3 of 3 defaults as discussed in paragraph 1 above, are settled qua the applicant as per the above terms, ii. SEBI shall not initiate any enforcement action against the applicant for the said defaults, iii. this order disposes of the enforcement proceedings in respect of the applicant as mentioned above and; iv. 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 have breached any of the clauses/ conditions of undertakings/ waivers filed during the present settlement proceedings.
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Source: SecMarx — sebi:SO/EFD-2/SD/302/SEP/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.