sebi:SBM/VB/AO/EAD-3/05/2015
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Facts / Headnote
Penalty of Rs 5,00,000 imposed on the Noticee for violation of Regulation 8(3) of SAST Regulations, 1997
Provisions invoked
- s. 15A
- s. 15
- s. 15J
Regulations
- Reg. 6
- Reg. 8
- Reg. 8(3)
Parties
- Emed.Com Technologies Limited
Holding
The Noticee violated Regulation 8(3) of the SAST Regulations, 1997 by making delayed disclosures for 2001 to 2011, and a monetary penalty of Rs 5,00,000 under Section 15A(b) of the SEBI Act was imposed.
Full text
Page 2 of 14 Regulations, 1997 (hereinafter referred to as “SAST Regulations, 1997”) for the years 2001 to 2011. The Noticee was earlier known as CDR Industries Ltd.
Page 3 of 14 SCN that the Noticee had violated the provisions of Regulation 8(3) of the SAST Regulations, 1997 for the years 2001 to 2011.
Page 4 of 14 was duly served on the Noticee on July 11, 2015. It was however observed that the Noticee had failed to respond to the above said letter. Finally, in the interest of natural justice, a final opportunity was granted to the Noticee vide letter dated August 12, 2015 to appear before the Adjudicating Officer on August 26, 2015. Further, in order to ensure that the Noticee is informed about the personal hearing date well in advance, a scanned copy of the letter dated August 12, 2015 was also sent to the designated e-mail ID of the Noticee on August 21, 2015 and a reply on behalf of the Noticee was also received on the same date confirming the fact that they have received the hearing notice.
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Source: SecMarx — sebi:SBM/VB/AO/EAD-3/05/2015. 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.