sebi:NP/AS/AO/20/2017
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Facts / Headnote
Penalty imposed on the noticee for violations of SEBI Circular CIR/MIRSD/1/2012, Clause 4, 6 & 7 of Schedule III of SEBI (Merchant Banker) Regulations, 1992, and Regulation 57(1) of SEBI (ICDR) Regulations, 2009.
Provisions invoked
- s. 15
- s. 15H
Regulations
- Reg. 13
- Reg. 57(1)
- Reg. 200
Parties
- Corporate Strategic Allianz Private Limited
Holding
The noticee, a registered Merchant Banker, violated SEBI Circular CIR/MIRSD/1/2012 by failing to include a reference to its website where post-issue performance is disclosed in the ACFL prospectus, and violated Clause 4, 6 & 7 of Schedule III of SEBI (Merchant Banker) Regulations, 1992 and Regulation 57(1) of SEBI (ICDR) Regulations, 2009 by accounting prepaid advertisement expenses as Intangible Assets under Fixed Assets in the ATWL prospectus without adequate disclosure.
Full text
Page 2 of 16 Details of the issue: Size of Issue (Value) Rs.2577.60 Lacs Size of Issue (no. of shares) 25,77,600 Issue Price Rs.100.00/- Date of Opening of the Issue October 15, 2013 Date of Closure of the Issue October 18, 2013
Page 3 of 16 requires that a reference to this effect shall be made in the Offer Documents of public issues. From the examination of the Offer Documents of ACFL and ATWL it was noted that no such reference was given in the offer document.”
Page 4 of 16 reference was given in the offer document, which is in violations of the said circular no. CIR/MIRSD/1/2012, dated January 10, 2012 and,
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Source: SecMarx — sebi:NP/AS/AO/20/2017. 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.