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AHLUWALIA CONTRACTS (INDIA) LTD. - Request To Waiver Of Fine Regret Letter For Waiver Of Fine Levied Pursuant To SEBI Circular SEBI/HO/CFD/CMD/CIR/P/2020/12 Dated January 22, 2020 (Erstwhile SEBI Circular SEBI/HO/CFD/CMD/CIR/P/2018/77 Dated May 03, 2018):-
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02 May 2022
Further, we wish to submit that the SEBI vide Circular no SEBI/HO/CFD/DILL/CIR/2021/0660 dated 23.11.2021 in partial modification of August 19, 2019 circular, inserted para 9A after para 9,9A, which states that the Stock Exchange Company may deviate from the provisions of the circular, wherever the interest of the investors is not adversely affected, if found necessary, only after recording reasons in writing&apos;&apos;&apos;&apos; In the instant case, we further wish to submit that the interest of any Investors are not affected due to this and there was no financial impact on any Investors due to this non-compliance. You will appreciate that there is no instance of non-compliances observed for SEBI covered under SOP in the last two years. Keeping in view the above submissions, request your Good office to re-consider the said order and waive the penalty imposed on the Company.
View all announcements for AHLUWALIA CONTRACTS (INDIA) LTD. Source: BSE India