sebi:SO/EFD-2/SD/303/SEP/2019
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Facts / Headnote
Settlement of pending enforcement proceedings against the applicant upon payment of Rs. 71,71,875/-
Provisions invoked
- s. 12(1)
- s. 15J
Regulations
- Reg. 3
- Reg. 25
- Reg. 34
- Reg. 23
Parties
- Mr. Arunmozhi Gopalan
Holding
The pending enforcement proceedings against Mr. Arunmozhi Gopalan in the matter of HBJ Capital Services Private Limited are settled upon payment of Rs. 71,71,875/-, and SEBI shall not initiate any enforcement action against the applicant for the said defaults.
Full text
Settlement order in respect of Mr. Arunmozhi Gopalan in the matter of HBJ Capital Services Private Limited. Page 1 of 3 SO/EFD-2/SD/303/SEP/2019
Settlement order in respect of Mr. Arunmozhi Gopalan in the matter of HBJ Capital Services Private Limited. Page 2 of 3 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. Arunmozhi Gopalan in the matter of HBJ Capital Services Private Limited. Page 3 of 3 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/303/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.