sebi:SRP/RK/AO-43/2009-10
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Facts / Headnote
Penalty of Rs.1,50,000 imposed on the Noticee
Provisions invoked
- s. 21
- s. 23
- s. 23E
- s. 23I
Parties
- Burr Brown (India) Limited
Holding
Burr Brown (India) Limited violated Section 21 of SCRA by failing to submit quarterly corporate governance compliance reports under Clause 49 for five quarters. A penalty of Rs.1,50,000 under Section 23E of SCRA was imposed.
Full text
Page 2 of 5 APPOINTMENT OF THE ADJUDICATING OFFICER 5. Shri Biju S was appointed as Adjudicating Officer under section 23I of SCRA, vide order dated September 03, 2007 to inquire into and adjudge under Section 23 E of SCRA, the aforesaid violations alleged to have been committed by the Noticee.
Page 3 of 5 CONSIDERATION OF ISSUES AND FINDINGS 9. It has been alleged that the Noticee did not comply with the provisions of Clause 49 of the listing agreement as it failed to submit the required quarterly compliance reports on corporate governance to NSE and BSE within the specified time for the quarters ended March 2006, June 2006, September 2006, December 2006 and March 2007 in violation of the provisions of section 21 of SCRA.
Page 4 of 5 Date: 30-12-2006 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (E), Bombay – 400 051
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Source: SecMarx — sebi:SRP/RK/AO-43/2009-10. 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.