sebi:EAD-8/KS/AA/AO/204/2018-19
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Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15A
- s. 271B
- s. 44A
- s. 273B
Regulations
- Reg. 55A
Parties
- Captain Polyplast Limited
Holding
The adjudicating officer appears to have concluded that the Noticee's failure to submit the audit report directly to SEBI (having submitted it to BSE) was technical in nature and devoid of malafide intention, and that examination of the quality/thoroughness of the audit report was beyond the scope of the present adjudication proceedings.
Full text
Page 2 of 22 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 22 5. It was observed in the SCN that the Noticee was one of the clients of Sharepro. In terms of above referred directions of Whole Time Member of SEBI, the Noticee was required to conduct a thorough audit of the records and systems of Sharepro within a period of three months from the date of the above referred
Page 4 of 22 appeared as the Authorized Representatives (“ARs”) of the Noticee. The ARs submitted a letter dated September 15, 2018 from the Noticee and reiterated the contents of the said letter. The ARs also referred to the judgment dated March 21, 2018 of Hon’ble Securities Appellate Tribunal in the matter of Ashwin Bhandari vs SEBI. In the said letter dated September 15, 2018, the following additional submissions were made: “…..
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Source: SecMarx — sebi:EAD-8/KS/AA/AO/204/2018-19. 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.