sebi:BM/AO-108/2011
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Facts / Headnote
Violation established; penalty of Rs. 1,50,000 imposed under Section 15A(b)
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
Regulations
- Reg. 6
- Reg. 8(3)
- Reg. 6(2)
- Reg. 6(4)
Parties
- M/s. Jyothi Infraventures Ltd. (Formerly known as Boss Securities Limited)
Holding
The Noticee violated Regulation 6(2) and 6(4) for the year 1997 and Regulation 8(3) for the years 1998 to 2006, 2008 and 2009 of the SAST Regulations, 1997 by delayed disclosure, and a penalty of Rs. 1,50,000 under Section 15A(b) of the SEBI Act was imposed.
Full text
Page 2 of 10 2. M/s. Jyothi Infraventures Ltd. (Formerly known as Boss Securities Limited) (hereinafter referred to as “Noticee/The Company”) is a company incorporated and registered under the Companies Act, 1956 having its registered office at Plot No. 13, Guttala Begumpet, Varun Building, Kavuri Hills, Madhapur, Hyderabad – 500081. The authorized share capital of Jyothi Infraventures Ltd as on the date of Public announcement was ` 6,25,00,000 comprising of 62,50,000 shares of `.10/- each. The issued, subscribed and paid-up share capital of the company was `. 6,00,01,000/- comprising of 51,01,500 equity shares of ` 10/- each fully paid-up and 8,98,600 partly paid equity shares. The company was listed on Bombay Stock Exchange Limited (hereinafter referred to as BSE), Ahmedabad Stock Exchange (hereinafter referred to as ASE), Madras Stock Exchange Limited (hereinafter referred to as MSE), and Delhi Stock Exchange Limited (hereinafter referred to as DSE) at the relevant time.
Page 3 of 10 APPOINTMENT OF ADJUDICATING OFFICER 5. I was appointed as the Adjudicating Officer, vide order dated April 01, 2010, under Section 15I of the SEBI Act read with rule 3 of SEBI (Procedure for Holding Inquiry and Imposing
Page 4 of 10 11 8(3) 30.04.2006 12.06.2010 12 8(3) 30.04.2008 04.12.2009 13 8(3) 30.04.2009 04.12.2009 14. 8(3) 30.04.2009 28.04.2009
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Source: SecMarx — sebi:BM/AO-108/2011. 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.