2017-TIOLCORP-32-SEBI
Doon Valley Foods Pvt Ltd
Whether having no malafide intention behind the non-disclosure under SAST Regulations can be a valid ground to escape liability - NO : SEBI.
Whether by not making the disclosures of encumbrance of 65, 00,000 shares by promoters on time, the Noticee has failed to comply with the mandatory statutory obligation of SAST Regulations - YES : SEBI
Whether onus is on Company/noticee to establish the fact of delivery of required disclosures with Stock Exchanges - YES : SEBI
- Directions Imposed: SEBI