Final Order in the matter of Indian Infotech and Software Limited

Last updated: 20 November 2020

Court :
SEBI

Brief :
Present proceedings have emanated from a show cause notice dated April 04, 2019 (hereinafter referred to as “SCN”), issued by Securities and Exchange Board of India (hereinafter referred to as “SEBI”), to the abovenamed Noticees, calling upon them to show cause as to why appropriate directions under Sections 11(1), 11(4), 11A and 11B of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act”) and Section 12A of Securities Contracts (Regulation) Act, 1956 (hereinafter referred to as “SCRA”) should not be issued against them for the violations of provisions of SEBI Act, SCRA, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as “LODR Regulations”) and SEBI (Prohibition on Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 (hereinafter referred to as “PFUTP Regulations”), as mentioned therein.

Citation :
WTM/AB/ISD/ISD-FAC/9555/2020-21