sebi:EAD-8/KS/AA/AO/203/2018-19
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Facts / Headnote
Penalty of Rs. 1,50,000 imposed on the Noticee under Section 15HB of the SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15F
Parties
- VKJ Infradevelopers 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 monetary penalty of Rs. 1,50,000 was imposed on VKJ Infradevelopers Limited under Section 15HB of the SEBI Act.
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 paid to actual/beneficial owner and whether securities have been transferred as per the provisions of law. The Audit should cover the dividend paid/transfer effected with in the preceding at least last 10 years”
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Source: SecMarx — sebi:EAD-8/KS/AA/AO/203/2018-19. 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.