sebi:Order/AK/VV/2022-23/22738
Facts / Headnote
Penalty imposed on the Noticee for violations of LODR Regulations
Provisions invoked
- s. 19
- s. 12A
- s. 23J
- s. 23
- s. 23E
- s. 92
- s. 204
Regulations relied on
- SEBI (LODR) Regulations, 2015 — 30(10)
- SEBI (LODR) Regulations, 2015 — 46(1)
- SEBI (LODR) Regulations, 2015 — 46(2)(a)
- SEBI (LODR) Regulations, 2015 — 46(2)(j)
- SEBI (LODR) Regulations, 2015 — 46(2)(u)
- SEBI (LODR) Regulations, 2015 — 47
Parties
- RAP Media Limited
Holding
The Noticee, RAP Media Limited, was found to have violated Regulation 46(1), 46(2)(a), 46(2)(j) to 46(2)(s) and 46(2)(u) to 46(2)(z) of LODR Regulations for failure to maintain a functional website with requisite disclosures, Regulation 47 for not publishing notice of board meetings in newspapers, and Regulation 30(10) for not responding to BSE's clarification query. A penalty of Rs. 5,00,000 was imposed under Section 23E of SCRA.
Full text
Adjudication Order in respect of RAP Media Limited Page 2 of 25 Regulations, 2015 (hereinafter referred to as “LODR Regulations”) during the Inspection period.
Adjudication Order in respect of RAP Media Limited Page 3 of 25 2022 to submit its reply. The Noticee submitted its reply to the SCN, vide letter dated December 01, 2022.
Adjudication Order in respect of RAP Media Limited Page 4 of 25 September, 2020, 7th October, 2020, 14th November, 2020 and 14th February, 2021, thereby allegedly violating Regulation 47 of LODR Regulations.
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