sebi:WTM/AB/IVD/ID19/14185/2021-22
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Provisions invoked
- s. 11
- s. 19
- s. 11(1)
- s. 11B
- s. 12A
- s. 11(2)
- s. 15H
- s. 27
- s. 15J
- s. 15F
- s. 21
- s. 23E
- s. 23H
- s. 248
- s. 31
- s. 134(3)
- s. 184
- s. 2(76)
- s. 227
- s. 185
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 4(2)
- Reg. 4(2)(f)
- Reg. 200
- Reg. 3(b)
- Reg. 2(1)
- Reg. 30
- Reg. 4
- Reg. 4(1)(a)
- Reg. 6(1)
- Reg. 48
- Reg. 18(3)
- Reg. 23(2)
- Reg. 23(4)
- Reg. 17(8)
- Reg. 25(5)
- Reg. 4(1)(g)
- Reg. 33(1)(c)
- Reg. 33(2)(d)
Parties
- Iris Mediaworks Limited
Holding
On the examined portions, the adjudicator finds Iris Mediaworks Limited misrepresented its financials with respect to trade advances including advances to struck-off entities and failed to disclose a related-party transaction, while holding that certain other Forensic Audit Report observations draw no adverse inference.
Full text
Final Order in the matter of Iris Mediaworks Limited Page 1 of 90 WTM/AB/IVD/ID19/14185/2021-22 SECURITIES AND EXCHANGE BOARD OF INDIA FINAL ORDER
Final Order in the matter of Iris Mediaworks Limited Page 2 of 90 In the Iris Mediaworks Ltd. 1. The present order deals with three show cause notices (hereinafter collectively referred to as “SCNs”) issued by Securities and Exchange Board of India (hereinafter referred to as “SEBI”), the details of which are as follows:
Final Order in the matter of Iris Mediaworks Limited Page 3 of 90 3. SCN-II, calls upon Noticee no. 10, to show cause as to why suitable directions, as deemed fit under Sections 11, 11B and 11D of SEBI Act, 1992, should not be issued against it for violation of Section 12A (a) (b) (c) of the SEBI Act, 1992 and Regulations 3(b), 3(c), 3(d), 4(1), 4(2)(a), 4(2)(e), 4(2)(f) and 4(2)(r) of PFUTP Regulation, 2003, as statutory auditor of Noticee no. 1 company for the financial year 2015-16.
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Source: SecMarx — sebi:WTM/AB/IVD/ID19/14185/2021-22. 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.