Suzlon Energy, Tulsi Tanti, 4 company executives settle charges with Sebi
PTI: Mumbai, Jan 30 2013, 20:28 IST
Sebi's High Powered Advisory Committee on Consent (HPAC) after deliberations, recommended the case for settlement on the payment of the amount.
This was also approved by panel of Sebi's whole time members, following which the company and its officials remitted the amount earlier this month.
Sebi noted that enforcement actions, including commencing or reopening of the proceedings, could be initiated if any representation made by the entities is found to be untrue.
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