sebi:WTM/ASB/CFID/CFID/27060/2023-24
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Facts / Headnote
Corrigendum issued to the Final Order dated May 31, 2023 in the matter of Sharon Bio-Medicine Limited, omitting a reference to DP Regulations, 1996 in para 39, replacing the penalty table under para 41(d), and dropping the allegation of violation of Regulation 55A of the DP Regulations, 1996 for the quarter ended December 2011.
Provisions invoked
- s. 15H
- s. 23H
Regulations
- Reg. 55A
Parties
- Savita Satish Gowda
- Mohan P. Kala
- Lalit Misra
- Vijay Kirpalani
Holding
The corrigendum drops the allegation of violation of Regulation 55A of the DP Regulations, 1996 against the Noticees for the quarter ended December 2011, omits the reference to DP Regulations, 1996 in para 39, and replaces the penalty table under para 41(d) with revised penalty amounts totalling Rs. 1,03,00,000 across the four Noticees.
Full text
__________________________________________________________________________________ Corrigendum to the Final Order dated May 31, 2023 in the matter of Sharon Bio-Medicine Limited Page 2 of 2 allegation of violation of Regulation 55A of the DP Regulations, 1996 against the Noticees for Quarter ended December 2011 is also dropped since the Audit Report was filed on February 03, 2012 and there is no timeline mentioned in the said Regulation for submitting the Audit Report mentioned therein.”
(b) In para 39 of the Order, reference to DP Regulations, 1996 shall stand omitted. (c) The Table mentioned under Para 41(d) in the Order shall stand replaced with the following Table:
Sl. No. Name of the Noticee Penalty imposed under Section 15HA of the SEBI Act, 1992 Penalty imposed under Section 15HB of the SEBI Act, 1992
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Source: SecMarx — sebi:WTM/ASB/CFID/CFID/27060/2023-24. 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.