sebi:Order/BM/JR/2024-25/31044
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Facts / Headnote
Adjudication proceedings for alleged violations of LODR Regulations; monetary penalty imposed under section 15A(b) of the SEBI Act (quantum not stated in the excerpt)
Provisions invoked
- s. 15A
- s. 15
- s. 11B
- s. 11
- s. 15J
- s. 28A
- s. 14
- s. 203
Regulations
- Reg. 33
- Reg. 30
- Reg. 30(7)
- Reg. 6
- Reg. 13(2)
- Reg. 30(2)
- Reg. 4(1)(c)
- Reg. 30(10)
- Reg. 4(1)(d)
Parties
- Asian Hotels (W) Limited
Holding
The Noticee, Asian Hotels (W) Limited, was held to have violated regulations 4(1)(c), 4(1)(d), 4(1)(i), 30(7), 30(10) and 30(2) read with Schedule III of the LODR Regulations and applicable SEBI circulars by misrepresenting the reason for delayed submission of financial results, failing to update disclosures regarding default in payment to YBL, and making incomplete disclosure regarding the resignation of the statutory auditor. The matter was adjudged under section 15A(b) of the SEBI Act and it was observed to be a fit case for imposition of monetary penalty.
Full text
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Source: SecMarx — sebi:Order/BM/JR/2024-25/31044. 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.