sebi:EAD-8/KS/AA/AO/195/2018-19
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Facts / Headnote
Penalty of Rs. 1,00,000 imposed on Vivid Global Industries Limited under Section 15HB of the SEBI Act, 1992
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15F
Parties
- Vivid Global Industries Limited
Holding
The Noticee failed to comply with the directions issued by the Whole Time Member of SEBI vide order dated March 22, 2016, and a penalty of Rs. 1,00,000 under Section 15HB of the SEBI Act, 1992 was imposed on Vivid Global Industries Limited.
Full text
Page 2 of 9 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 9 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 9 the audit report was not obtained within 3 months from the date of the order. The copy of the audit report dated 15/12/2016 of Pankaj and Associates, PCS, is enclosed for your kind perusal and record. (v) As regard the switch over of Registrar and Transfer agents is concerned, we have to inform you that we have already appointed Sharex Dynamic (India) Pvt. Ltd., Mumbai in place of Sharepro Services (I) Pvt. Ltd. The certified true copy of the resolution passed by the Board of Directors of the Company dated 30/05/2016 is enclosed for your kind record and information.
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Source: SecMarx — sebi:EAD-8/KS/AA/AO/195/2018-19. 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.