sebi:SRP/DL/AO-36/2010
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Facts / Headnote
Violation found; penalty of Rs. 1,50,000 imposed
Provisions invoked
- s. 21
- s. 23
- s. 23E
Parties
- M/s. Kalindee Rail Nirman (Engineers) Limited
Holding
The Noticee failed to comply with Clause 49 of the listing agreement with BSE for quarters ended March 2006, June 2006, September 2006, December 2006 and March 2007, thereby violating Section 21 of SCRA, and is liable to a penalty of Rs. 1,50,000 under Section 23E of SCRA.
Full text
Page 2 of 8 4. The aforesaid alleged failure on the part of the Noticee in complying with the listing agreement attracts penalty under the provisions of Section 23 E of the SCRA.
Page 3 of 8 Noticee reiterated its earlier submissions and once again denied the allegations of non-submission of quarterly reports; therefore, for verification of the facts, the hearing was adjourned.
Page 4 of 8 e) Copy of the quarterly compliance report for the quarter ended March 2007 and the corresponding forwarding letter No. KRNEL/CS/2007-08/129 dated April 23, 2007 addressed to BSE; f) Copy of Courier Consignment Notes of DTDC bearing Nos. Z59798438, Z 59435945, Z5979 9100, Z59798902 and Z59798880 with name of addressee mentioned as “ The GM, Bombay Stock Exchange, Mumbai – 400 001” and showing dispatch dates as April 28, 2006, July 26, 2006, October 20, 2006, January 22, 2007 and April 23, 2007 respectively. g) A certificate dated September 21, 2009 of DTDC stating that the said five consignments have been delivered to the addressee on May 01, 2006, July 28, 2006, October 23, 2006, January 25, 2007 and April 25, 2007, respectively.
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Source: SecMarx — sebi:SRP/DL/AO-36/2010. 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.