violated the accounting standards. The
WTM found that various provisions of LODR
Regulations was not complied with during the three
financial years and there were ... were raised by the appellant with
regard to non-compliance of the LODR Regulations. In
one such instance it was urged that the Company
charges in the
show cause notice are as follows:
A. ―Violations of LODR Regulations, 2015 due
to misrepresentation, including of financials
and misuse of funds ... violated the accounting standards.
The WTM found that various provisions of LODR
Regulations were not complied with during the three
financial years and there were
financials
and misuse of funds/books of accounts in
violation of LODR Regulations, 2015;
B. Non furnishing of information/Non-
cooperation by the Company with ... forensic auditor;
C. Other violations of LODR Regulations,
2015.
D. Violation of PFUTP Regulations, 2003."
6
6. The WTM after considering the replies
violation of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 ("LODR
Regulations" for convenience) read with Section 21 of
4
Securities Contracts ... violated the
accounting standards. The WTM found that various provisions
of LODR Regulations were not complied with during the three
financial years and there were
Listing Obligations and Disclosure Requirements)
Regulations, 2015 (hereinafter referred to as 'LODR Regulations')
and 17(1A) of the LODR Regulations.
2. The facts ... Company to fill the post as per Regulation 6 of the LODR
Regulations. The company with great difficulty appointed a
compliance officer on June
Listing Obligations and Disclosure
Requirements) Regulations, 2015 (hereinafter referred
to as 'LODR Regulations) was notified and came into
force. Under Clause ... specified in Para A of Part A of Schedule III of the
LODR Regulations were deemed to be material events
and, accordingly, listed companies were
being under the SEBI
(Listing Obligations and Disclosure Requirements)
Regulations, 2015 ('LODR Regulations' for short) within the
stipulated period and upto June ... severe manpower
crunch and accordingly certain compliances as mandated by
the LODR Regulations could not be fulfilled in a timely
manner
charges in the show cause notice are as
under:-
(a) Violation of LODR due to misrepresentation
including financials and misuse of funds/ books of
accounts ... information to the Forensic
Auditor.
(c) Violation of other provisions of LODR Regulations
and;
(d) Violation of PFUTP Regulations.
6. The WTM after considering
SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 ("LODR Regulations" for convenience) and
Regulations ... LODR Regulations.
2. The facts leading to the filing of the present appeal is,
that a show cause notice dated October 18, 2019 was issued
Listing Obligations and Disclosure
Requirements) Regulations, 2015 (hereinafter referred to as, 'LODR
Regulations'). The appellant, therefore, prayed in its complaint that :-
1. Cairn ... relation to the violation of the provisions of
the Companies Act and LODR Regulations and pass appropriate
orders. This Tribunal held as under
