sebi:EAD-8/KS/AA/AO/207/2018-19
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Facts / Headnote
Adjudication proceedings initiated vide Show Cause Notice dated August 07, 2018 disposed without imposition of any monetary penalty
Provisions invoked
- s. 15
- s. 15H
Parties
- Dutron Polymers Limited
Holding
The Adjudicating Officer held that Dutron Polymers Limited failed to submit the Sharepro audit report to SEBI as directed by the Whole Time Member vide order dated March 22, 2016, but disposed of the adjudication proceedings under Section 15HB of the SEBI Act without imposing any monetary penalty.
Full text
Page 2 of 7 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 7 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 7 7. In the interest of natural justice, an opportunity of hearing was provided to the Noticee on September 19, 2018 vide hearing notice dated September 05, 2018. Ms. Nayna Chopra, Practicing Company Secretary, appeared as the Authorized Representative (‘AR’) on behalf of the Noticee in the hearing on September 19, 2018. During hearing, the AR reiterated the contents of the reply dated August 30, 2018 submitted by the Noticee. Further, the AR stated that the Noticee is unable to locate the proof of submission of the audit report to SEBI.
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Source: SecMarx — sebi:EAD-8/KS/AA/AO/207/2018-19. 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.