sebi:Order/SM/RG/2022-23/24207
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Facts / Headnote
Penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 28A
Regulations
- Reg. 8
Parties
- Rajesh Housing Pvt. Ltd.
Holding
The Noticee, Rajesh Housing Pvt. Ltd., was found to have failed to comply with Clause 3.2 of SEBI Circular SEBI/HO/DDHS/CIR/P/103/2020 read with Clause 4.1 of Chapter XI of SEBI Circular SEBI/HO/DDHS/P/CIR/2021/613 and Regulation 8 of LODR Regulations, and a monetary penalty of Rs. 1,00,000/- was imposed under Section 15HB of the SEBI Act.
Full text
Adjudication order in the matter of non-submission of bank details by Issuers to Debenture Trustees Page 2 of 9 Circular even after repeated reminders from the Bombay Stock Exchange Ltd. (hereinafter referred to as “BSE”) and the Advisory Letter issued by SEBI on June 03, 2022. The SEBI Circular SEBI/HO/DDHS/CIR/P/103/2020 dated June 23, 2020 was superseded by SEBI Circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021.
Adjudication order in the matter of non-submission of bank details by Issuers to Debenture Trustees Page 3 of 9 February 17, 2023 SEBI, in the interest of natural justice, provided another opportunity of hearing scheduled on February 27, 2023. February 27, 2023 The Noticee did not appear for hearing.
Adjudication order in the matter of non-submission of bank details by Issuers to Debenture Trustees Page 4 of 9 i. The company could not submit the bank details to Debenture Trustee in accordance with Securities and Exchange Board of India ("SEBI") circulars SEBI/HO/DDHS/CIR/P/103/2020 dated June 23, 2020 and SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021.
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Source: SecMarx — sebi:Order/SM/RG/2022-23/24207. 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.