sebi:EAD-9/VKV/NK/2021-22/12808

SEBI · SEBI · 2020-11-12 · Vijayant Kumar Verma, Adjudicating Officer

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Facts / Headnote

Violations of multiple LODR Regulations established against the Noticee; penalty determination under consideration

Provisions invoked

Regulations relied on

Parties

Holding

The Adjudicating Officer concluded that APTRANSCO violated multiple provisions of the SEBI LODR Regulations, 2015, including Regulations 7(3), 13(1), 13(3), 13(4), 50(2), 50(3), 53, and 56, based on admissions in the Noticee's reply and information from BSE and the Debenture Trustee.

Full text

Adjudication order in the matter of Transmission Corporation of Andhra Pradesh Limited Page 2 of 53 2. SEBI vide order dated November 12, 2020 appointed the undersigned as Adjudicating Officer under Section 15 I of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as the “SEBI Act”), read with Rule 3 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as “Adjudication Rules”) to inquire into and adjudge under Section 15A (b) and 15HB of the SEBI Act, the alleged violations of provisions of LODR Regulations by the Noticee as detailed in subsequent paras.

Adjudication order in the matter of Transmission Corporation of Andhra Pradesh Limited Page 3 of 53 INE947F09024, INE947F09057, INE947F09040, INE947F09065 and INE947F09073 for the financial year 2017-18.

Adjudication order in the matter of Transmission Corporation of Andhra Pradesh Limited Page 4 of 53 Proceedings initiated, in case of company is under Insolvency

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Source: SecMarx — sebi:EAD-9/VKV/NK/2021-22/12808. 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.