sebi:EAD-8/KS/AA/AO/189/2018-19
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Facts / Headnote
Adjudication proceedings initiated vide Show Cause Notice dated August 07, 2018 disposed without imposition of any monetary penalty
Provisions invoked
- s. 15
- s. 15H
Parties
- The Bombay Burmah Trading Corporation Limited
Holding
The Noticee had failed to submit the Sharepro audit report to SEBI as directed by the Whole Time Member vide order dated March 22, 2016, but the adjudication proceedings under Section 15HB of the SEBI Act are disposed without imposition of any monetary penalty.
Full text
Page 2 of 7 cases where violations are observed, in accordance with the provisions of law and inform SEBI accordingly. 12. Companies who are clients of Sharepro are also advised to carry out / switchover their activities related to a registrar to an issue and share transfer agent, either in- house or through another registrar to an issue or share transfer agent registered with SEBI. Sharepro shall provide the requisite cooperation to these companies for the purpose. ….”
Page 3 of 7 SEBI Act for its alleged failure to comply with the directions issued by Whole Time Member of SEBI vide order dated March 22, 2016.
Page 4 of 7 As we had received an email dated 28th March, 2016 from BSE Limited on the subject, we thought the audit report was to be submitted to Stock Exchanges Hence, the abovementioned audit report was inadvertently not submitted to SEBI. In this regard, please find enclosed a copy of the audit report as received from M/s. Parikh & Associates, Company Secretaries, for your reference.”
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Source: SecMarx — sebi:EAD-8/KS/AA/AO/189/2018-19. 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.