sebi:EAD-9/VKV/NK/2021-22/13336

SEBI · SEBI · 2021-08-09 · Vijayant Kumar Verma, Adjudicating Officer

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Penalty of Rs. 1,50,000 imposed on Noticee

Provisions invoked

• s. 15A
• s. 15
• s. 15J
• s. 15F
• s. 28A

Regulations

• Reg. 65
• Reg. 102
• Reg. 52(1)
• Reg. 3

Parties

• Sandor Medicaids Private Limited

Holding

The Noticee violated Regulation 52(1) of the LODR Regulations by delayed submission of financial results for half year ended March 31, 2019 and non-submission for half year ended September 30, 2019, and a monetary penalty of Rs. 1,50,000 under Section 15A(b) of the SEBI Act was imposed.

Full text

Adjudication order in the matter of Sandor Medicaids Private Limited Page 2 of 16 SHOW CAUSE NOTICE, REPLY AND PERSONAL HEARING

Adjudication order in the matter of Sandor Medicaids Private Limited Page 3 of 16 23, 2019, December 27, 2019 and January 20, 2020 was advised to pay the requisite fee (Annexure III). In this regard, the company vide email dated December 26, 2019 had submitted that it will be paying the requisite fee. However, no fee has been received from the company.

Adjudication order in the matter of Sandor Medicaids Private Limited Page 4 of 16 (i) Sandor Medicaids Private Limited Company’s information technology system got infected by Malware corrupting most of the information stored in it due to which audit process for the financial year ended March 31, 2019 was stalled. The company in its application also stated that it will be submitting financial results for the half year ended March 31, 2019 by last week of November and for half year ended September 30, 2019 by December 31,

Source: SecMarx — sebi:EAD-9/VKV/NK/2021-22/13336. 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.