Adjudication Order in respect of U. P. Power Corporation Limited

Last updated: 05 December 2020
Quick Summary
The Securities and Exchange Board of India (SEBI) has issued an adjudication order against U. P. Power Corporation Limited (UPPCL) for failing to comply with various provisions of the Listing Obligations and Disclosure Requirements (LODR) Regulations. These regulations pertain to the disclosure of information for non-convertible debentures listed on the Bombay Stock Exchange. SEBI initiated adjudication proceedings to inquire into and adjudge the alleged violations.

Court :
SEBI

Brief :
SecuritiesandExchangeBoardofIndia(inshortSEBI)carriedoutanexaminationtoascertaincompliancestatusofU.P.PowerCorporationLimited(UPPCL)withrelevantprovisionsofSecuritiesandExchangeBoardofIndia(ListingObligationsandDisclosureRequirements)Regulations,2015(inshortLODRRegulations),whosenon-convertibledebentures (NCDs)arelistedonBombayStockExchange(BSE)

Citation :
ADJUDICATIONORDERNO.Order/KS/PP/2020-21/9761

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