sebi:EAD-8/KS/AA/AO/191/2018-19
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Facts / Headnote
Violation established; penalty of Rs. 1,00,000 imposed under Section 15HB of the SEBI Act.
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15F
Parties
- Oseaspre Consultants Limited
Holding
The Noticee failed to comply with the directions issued by the Whole Time Member of SEBI vide order dated March 22, 2016 by not conducting an audit of the records and systems of Sharepro and not submitting an audit report to SEBI, and is therefore liable under Section 15HB of the SEBI Act. A monetary penalty of Rs. 1,00,000 was imposed on Oseaspre Consultants Limited.
Full text
Page 2 of 11 months from the date of this order, the companies shall take appropriate action, in cases where violations are observed, in accordance with the provisions of law and inform SEBI accordingly.
Page 3 of 11 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 11 dated August 23, 2018. Shri J. C. Bham, Director of the Noticee and Shri Chandukumar Parmar, Company Secretary, appeared as the Authorized Representatives (‘ARs’) on behalf of the Noticee in the hearing on August 30,
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Source: SecMarx — sebi:EAD-8/KS/AA/AO/191/2018-19. 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.