sebi:EAD-3/JS/GSS/3313/2019-20
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Facts / Headnote
Penalty of Rs. 15,00,000/- imposed on the Noticee for violation of Clause 36 and Clause 40B of the Listing Agreement read with Section 21 of SC(R) Act, 1956.
Provisions invoked
- s. 15A
- s. 15
- s. 15I
- s. 15J
- s. 15F
- s. 28A
- s. 23A
- s. 21
Regulations
- Reg. 7(1)
- Reg. 199
- Reg. 12
Parties
- Vishvas Projects Limited (Formerly known as Mefcom Agro Industries Ltd)
Holding
The Noticee violated Clause 36 and Clause 40B of the Listing Agreement read with Section 21 of SC(R) Act, 1956 by failing to make requisite disclosures to BSE regarding change in management control approved at the AGM held on September 20, 2006, and a penalty of Rs. 15,00,000/- was imposed under Sections 23A(a) and 23E of SCRA Act, 1956.
Full text
Adjudication Order No. EAD-3/JS/GSS/ 3313 /2019-20 Adjudication order in the matter of Mefcom Agro Industries Limited || Page 2 of 9
Adjudication Order No. EAD-3/JS/GSS/ 3313 /2019-20 Adjudication order in the matter of Mefcom Agro Industries Limited || Page 3 of 9
Adjudication Order No. EAD-3/JS/GSS/ 3313 /2019-20 Adjudication order in the matter of Mefcom Agro Industries Limited || Page 4 of 9
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Source: SecMarx — sebi:EAD-3/JS/GSS/3313/2019-20. 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.