sebi:Order/SM/AD/2021-22/14533
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Facts / Headnote
Penalty imposed on Noticee for fraudulent and unfair trade practices
Provisions invoked
- s. 11
- s. 15
- s. 19
- s. 12
- s. 15H
- s. 15I
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
Parties
- M/s K.P Joshi & Co. (Proprietor- Shri Kishor P. Joshi)
Holding
The Noticee, statutory auditor of Coral Hub Limited, was found to have violated Sections 12A(a), (b), (c) of the SEBI Act and Regulations 3(b), (c), (d) and 4(1), 4(2)(e), (f), (k), (r) of the PFUTP Regulations by conniving and colluding with officers/directors of CHL in concocting false accounts for FY 2008-09 and FY 2009-10, and a penalty of Rs 20,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
__________________________________________________________________________ Adjudication Order in the matter of Coral Hub Limited Page 2 of 21
__________________________________________________________________________ Adjudication Order in the matter of Coral Hub Limited Page 3 of 21
__________________________________________________________________________ Adjudication Order in the matter of Coral Hub Limited Page 4 of 21
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Source: SecMarx — sebi:Order/SM/AD/2021-22/14533. 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.