sebi:EAD-8/KS/AA/AO/228/2018-19
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Facts / Headnote
Adjudication proceedings initiated vide Show Cause Notice dated August 07, 2018 disposed of without imposition of any monetary penalty.
Provisions invoked
- s. 15
- s. 15H
Parties
- Goyal Associates Limited
Holding
The Noticee failed to submit the Sharepro audit report to SEBI as directed by the Whole Time Member order dated March 22, 2016, but the adjudication proceedings are disposed of without any monetary penalty.
Full text
Page 2 of 8 appropriate action, in cases where violations are observed, in accordance with the provisions of law and inform SEBI accordingly.
Page 3 of 8 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 8 SEBI whole Time Member as per Order No. WTM/RKA/MIRSD2/41/2016 dated 22nd March. 2016 and as per the Auditors Reports there is no violations observed in respect of transfer of securities and payment of dividend (the Company has not declared any dividend in said period). A Copy of the Audit Report issued by CS Nitesh Chaudhary, Practicing Company Secretary, Mumbai is attached herewith for your kind reference.
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Source: SecMarx — sebi:EAD-8/KS/AA/AO/228/2018-19. 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.