sebi:Order/PM/NS/2022-23/16158
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on the Noticee for violation of Regulation 15(1)(i) and Regulation 16 read with Clause 19 of Code of Conduct of SEBI (Debenture Trustees) Regulations, 1993
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 25
- s. 138
- s. 67(3)
- s. 73(1)
- s. 73
Regulations
- Reg. 16
- Reg. 15
- Reg. 14
- Reg. 15(1)
- Reg. 15(1)(i)
Parties
- Vistra ITCL (India) Ltd.
Holding
The Noticee, Vistra ITCL (India) Ltd., violated Regulation 15(1)(i) of SEBI (Debenture Trustees) Regulations, 1993 (pre-2017 amendment) and Regulation 16 read with Clause 19 of the Code of Conduct, by failing to exercise due diligence and by initially suppressing the BENPOS for FY 2013-14 which showed 154 investors, and a penalty of Rs. 10,00,000/- was imposed under Section 15HB of the SEBI Act, 1992.
Full text
2 | P a g e Adjudication Order In respect of Vistra ITCL (India) Ltd.in the matter of Vaishno Devi Dairy Products Ltd., (Presently known as Sahindra Vaishno Devi Dairy Products Ltd.
3 | P a g e Adjudication Order In respect of Vistra ITCL (India) Ltd.in the matter of Vaishno Devi Dairy Products Ltd., (Presently known as Sahindra Vaishno Devi Dairy Products Ltd.
4 | P a g e Adjudication Order In respect of Vistra ITCL (India) Ltd.in the matter of Vaishno Devi Dairy Products Ltd., (Presently known as Sahindra Vaishno Devi Dairy Products Ltd.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/PM/NS/2022-23/16158. 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.