sebi:EAD-8/KS/AA/AO/193/2018-19

SEBI · SEBI · 2016-03-22 · K Saravanan, General Manager & Adjudicating Officer

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Penalty of Rs. 1,00,000 imposed on Aditya Forge Limited under Section 15HB of the SEBI Act

Provisions invoked

• s. 15
• s. 15H
• s. 15J
• s. 15F

Parties

• Aditya Forge Limited

Holding

The Adjudicating Officer held that Aditya Forge Limited failed to comply with the Whole Time Member directions dated March 22, 2016 by belatedly conducting the Sharepro audit and imposed a penalty of Rs. 1,00,000 under Section 15HB of the SEBI Act.

Full text

Page 2 of 10 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 10 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 10 - We are attaching copy of our covering letter along with copy of Audit Report of M/s KH & Associates, Practicing Company Secretaries, for your immediate reference and taking on the record. - The copy of aforesaid Audit Report was also submitted to CDSL and NSDL, while we appointed M/s Adroit Corporate Services Private Limited, 17-20 Jaferbhoy Industrial Estate, Andheri (E) Mumbai as our New Registrar and Share Transfer Agent and based on the same, CDSL and NSDL entered in to fresh agreement for providing information to Adroit Corporate Service Pvt Ltd with all Transaction details and other information, so as to enable us to comply with various listing compliances.

Source: SecMarx — sebi:EAD-8/KS/AA/AO/193/2018-19. 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.