sebi:WTM/AB/IVD-ID19/12937/2021-22
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Provisions invoked
- s. 11
- s. 15A
- 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. 138
- s. 23H
- s. 227
- s. 12A(1)
- s. 187(1)
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 9
- Reg. 4(2)
- Reg. 4(2)(f)
- Reg. 200
- Reg. 3(b)
- Reg. 2(1)
- Reg. 201
- Reg. 4
- Reg. 4(1)(a)
- Reg. 6(1)
- Reg. 48
- Reg. 33(2)(a)
- Reg. 34(3)
- Reg. 25(5)
- Reg. 28
- Reg. 4(1)(g)
- Reg. 33(1)(c)
- Reg. 4(2)(c)
Parties
- Jaisukh Dealers Limited
Holding
On the excerpts available, the Whole Time Member upholds the forensic audit findings that Jaisukh Dealers Limited recorded receivables, payables, investments/inventory and fund transfers without adequate supporting documents, thereby misrepresenting its financial statements in violation of LODR Regulations and applicable Accounting Standards.
Full text
Final Order in the matter of Jaisukh Dealers Limited Page 1 of 66 WTM/AB/IVD-ID19/12937/2021-22 SECURITIES AND EXCHANGE BOARD OF INDIA FINAL ORDER
Final Order in the matter of Jaisukh Dealers Limited Page 2 of 66 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 Jaisukh Dealers Limited Page 3 of 66 3. SCN-II and SCN-III, call upon Noticee no. 8 and 9, respectively, 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 them 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 auditors of Noticee no. 1.
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Source: SecMarx — sebi:WTM/AB/IVD-ID19/12937/2021-22. 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.