sebi:SO/EFD-2/SD/310/SEP/2019
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Facts / Headnote
Proceedings settled qua the applicant upon payment of Rs. 25,35,000 as settlement amount; 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
- Pathway Finance Societe a Responsabilite Limitee
Holding
The proposed proceedings for the defaults concerning re-domiciliation and change of registered office from Luxembourg to Switzerland are settled qua Pathway Finance Societe a Responsabilite Limitee upon payment of Rs. 25,35,000. SEBI shall not initiate any enforcement action against the applicant for the said defaults, subject to its right to act if any representation is found untrue or settlement conditions are breached.
Full text
Settlement order in respect of Pathway Finance Societe a Responsabilite Limitee in the matter of re- domiciliation and change in its registered office from Luxembourg to Switzerland by Pathway Finance Societe a Responsabilite Limitee. Page 2 of 3
Settlement order in respect of Pathway Finance Societe a Responsabilite Limitee in the matter of re- domiciliation and change in its registered office from Luxembourg to Switzerland by Pathway Finance Societe a Responsabilite Limitee. Page 3 of 3
had changed because of the aforesaid material changes in respect of the applicant. The applicant has filed the subject settlement application in respect of the same.
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Source: SecMarx — sebi:SO/EFD-2/SD/310/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.