sebi:EAD-8/KS/AA/AO/232/2018-19
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Facts / Headnote
Adjudication proceedings initiated vide Show Cause Notice dated December 13, 2018 disposed without imposition of any monetary penalty.
Provisions invoked
- s. 15
- s. 15H
Parties
- Gallops Enterprise Limited
Holding
The adjudication proceedings initiated against Gallops Enterprise Limited for alleged failure to comply with WTM directions dated March 22, 2016 regarding audit of Sharepro were disposed without imposition of any monetary penalty.
Full text
Page 2 of 7 appropriate action, in cases where violations are observed, in accordance with the provisions of law and inform SEBI accordingly.
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 2019, Shri Anand Lavingia and Ms. Ankita Patel, Practicing Company Secretaries, appeared for hearing as the Authorized Representatives (“AR”) of the Noticee. During the hearing, the ARs reiterated the contents of the reply dated January 05, 2019 submitted by the Noticee. The ARs also submitted a copy of letter dated May 16, 2016 by which the Noticee appointed an auditor for conducting audit of Sharepro and a copy of letter dated June 10, 2016 by which the Noticee submitted the audit report to the Ahmedabad Stock Exchange.
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Source: SecMarx — sebi:EAD-8/KS/AA/AO/232/2018-19. 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.