sebi:Order/AP/SK/2020-21/10071-10075
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Facts / Headnote
Violations established against Noticee No. 1 – EDSL; monetary penalty imposed under Section 15A(a) of the SEBI Act and Section 23E of the SCRA
Provisions invoked
- s. 11B
- s. 11
- s. 15A
- s. 15
- s. 12A
- s. 21
- s. 11(2)
- s. 15H
- s. 15I
- s. 15J
- s. 28A
- s. 23I
- s. 23
- s. 23E
- s. 23H
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 2
- Reg. 3(b)
- Reg. 6(1)
- Reg. 6(2)(a)
- Reg. 32(1)
- Reg. 4(1)(c)
Parties
- Edynamics Solutions Limited
Holding
Noticee No. 1 – EDSL was found to have violated Section 11(2)(i) and 11(2)(ia) of the SEBI Act for failing to furnish information to the forensic auditor and SEBI, Regulations 4(1)(c),(e),(g) and 4(2)(f) of the LODR Regulations for misrepresenting its books of accounts, Regulation 32(1) of LODR Regulations and Clause 46a of the listing agreement for failing to submit deviation statements, and Regulation 6(1) of LODR Regulations for not appointing a compliance officer.
Full text
______________________________________________________________________________________ Adjudication Order in respect of five entities in the matter of Edynamics Solutions Limited Page 2 of 26 opportunity of personal hearing on a date and time to be fixed on a specific request made in that regard. In the event Edynamics Solutions Limited fails to file its reply or to request for an opportunity of personal hearing within the said 30 days, the preliminary findings of this Order and ad-interim directions shall stand confirmed against Edynamics Solutions Limited automatically, without any further orders. …..”
______________________________________________________________________________________ Adjudication Order in respect of five entities in the matter of Edynamics Solutions Limited Page 3 of 26 January 18, 2018, January 22, 2018, January 24, 2018, January 27, 2018, January 29, 2018, February 2, 2018 & May 29, 2018 requested EDSL for meeting with key company officials / seeking information / documents for the purpose of audit.
______________________________________________________________________________________ Adjudication Order in respect of five entities in the matter of Edynamics Solutions Limited Page 4 of 26
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Source: SecMarx — sebi:Order/AP/SK/2020-21/10071-10075. 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.