Current Report |
| Sr No | Compliance requirement (regulations/circulars/ guidelines including specific clauses) | Regulation Name/ SEBI Circular number | Regulation Number/ circular dated | Deviations | Action taken by | Name of Other Regulatory Body | Type of Action (Advisory/Clarification/Fine/Show Cause Notice/ Warning, etc.) | Details of other action taken | Details of violation | Fine Amount | Observations/remarks of the practising Company Secretary, if any | Management Response | Remarks |
| 1 | Trading activities of certain entities in the scrip of Mask Investments Limited | Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 | Not Applicable | Trading activities of certain entities in the scrip of Mask Investments Limited. | SEBI | | Clarification | | Clarification sought regarding
Trading activities of certain entities in the scrip of Mask Investments Limited during the period of July 08,2022 to January 11, 2023 (Investigation Period or IP)
| | Company Replied Vide Letter dated 21.07.2023. | No further clarification asked by SEBI till the current date regarding this matter. | |
| 2 | Reg. 27(2) of SEBI LODR 2015 | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | 27(2) | Provisions pertaining to Board Composition (Regulation 17)
&
2-Audit Committee Meetings
(Regulation 18).
| Stock Exchange | | Clarification | | Clarification sought regarding
Provisions pertaining to
1-Board Composition (Regulation 17)
&
2-Audit Committee Meetings (Regulation 18).
| | Company Replied Vide Letter dated: 28.07.2023. | No further clarification asked by NSE till the current date regarding this matter. | |
| 3 | Reg. 6 of SEBI LODR 2015 | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | 6 | Non-appointment of a qualified Company Secretary | Stock Exchange | | Clarification | | Clarification sought regarding
Non-appointment of a qualified Company Secretary as the compliance officer till March 27, 2023
| | Company Replied Vide Letter dated 19.05.2023. | No further clarification asked by NSE till the current date regarding this matter. | |
| 4 | Reg. 6 of SEBI LODR 2015 | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | 6 (1) SEBI (LODR) & 76 SEBI (Depositories and participants) Regulations 2018 | Non-Compliance of SEBI (LODR) Regulation6(1) 2015 and/or Regulation 76 of SEBI (D & P) Regulations 2018. | Stock Exchange | | Fine | | NSE has imposed penalty of Rs. 30680/- for Non-appointment of a qualified Company Secretary as the compliance officer for the Quarter ended on 31st March, 2023
(Regulation 6(1).
&
Clarification sought regarding
Non submission of Reconciliation of Share Capital Audit Report for the Quarter ended on 31st March, 2023 (Regulation 76).
| 30680 | Company has paid fine of Rs. 30680/- on 01.06.2023. | No further clarification asked by NSE till the current date regarding this matter. | |
Previous Report |
| Sr No | Compliance requirement (regulations/circulars/ guidelines including specific clauses) | Regulation Name/ SEBI Circular number* | Regulation Number/ circular dated | Deviations | Actions taken by | Name of Other Regulatory Body | Type of Action (Advisory/Clarification/Fine/Show Cause Notice/ Warning, etc.) | Details of other action taken | Details of violation | Fine Amount | Observations of the practicing Company secretary in the previous reports | Observations made in the secretarial compliance report for the year ended.(the years are to be mentioned) | Comments of the practicing company secretary on the actions taken by the listed entity. | Remedial actions, if any, taken by the listed entity | Management Response | Remarks |
| 1 | Financial Result | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | 33 | Financial Result is not as per SEBI format. | Stock Exchange | | Clarification | | Clarification sought via letter by NSE dated
15.06.2022
| | Clarification sought via letter by NSE dated: 15.06.2022 regarding Financial Result submitted is not as per Format and Legible copy of Financial Results not submitted | 31.03.2023 | Company Replied Vide Letter dated 20.06.2022 and also resubmitted Financial Result as per SEBI format. | Company Replied Vide Letter dated 20.06.2022 and also resubmitted Financial Result as per SEBI format. | Company Replied Vide Letter dated 20.06.2022 and also resubmitted Financial Result as per SEBI format. | |
| 2 | Appointment of Additional Director Mr. Jayesh Rasiklal Gandhi | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | 30 | Appointment of Additional Director Mr. Jayesh Rasiklal Gandhi | Stock Exchange | | Clarification | | Clarification sought via email by NSE dated 05.08.2022 | | Clarification sought via email by NSE dated 05.08.2022 regarding detailed reasons for resignation letter, other directorships etc. | 31.03.2023 | Company Replied Vide Letter dated17.08.2022. | Company Replied Vide Letter dated17.08.2022 with necessary information and documents. | Company Replied Vide Letter dated17.08.2022. | |
| 3 | Appointment of Additional Director Mrs. Ayushi Manish Saboo | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | 30 | Appointment of Additional Director Mrs. Ayushi Manish Saboo | Stock Exchange | | Clarification | | Clarification sought via email by NSE dated 05.08.2022 | | Clarification sought via email by NSE dated 05.08.2022 regarding Disclosure of Relationship between Director and Affirmation of not Debarred from holding office of Director. | 31.03.2023 | Company Replied Vide Letter dated17.08.2022. | Company Replied Vide Letter dated17.08.2022 with necessary information and documents. | Company Replied Vide Letter dated17.08.2022. | |
| 4 | Composition of Board Regulations 17(1) LODR 2015 | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | Regulations 17(1) LODR 2015 SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/12 dated January 22,2020 | Non-Compliance of Regulations 17(1) of SEBI (LODR) 2015 | Stock Exchange | | Clarification | | Non-Compliance of Regulations 17(1)of SEBI (LODR) 2015 for Quarter ended 31.12.2022 | | Clarification sought via email by NSE dated: 23.01.2023 and 27.02.2023
Show cause notice with Fine of Rs. 3,42,200/- imposed by NSE vide notice dated 21.02.2023 regarding Composition of Board of Directors of the Company.
| 31.03.2023 | Company Replied Vide email dated 16.02.2023, 28.02.2023 and 01.03.2023. | Company Replied Vide email dated 16.02.2023, 28.02.2023 and 01.03.2023. | Company Replied Vide email dated 16.02.2023, 28.02.2023 and 01.03.2023. | |
| 5 | Regulations 31(1) (b) of LODR 2015 | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | 31(1) (b) | Difference in SDD (System Driven Disclosures and SHP (Shareholding pattern | Stock Exchange | | Clarification | | Difference in SDD (System Driven Disclosures and SHP (Shareholding Pattern) for the quarter ended December 31, 2022. | | Clarification sought by NSE vide email dated 13.03.2023 regarding mismatch in System Driven Disclosure and Shareholding patter as on December, 2022 filed by the Company. | 31.03.2023 | Company has replied vide letter dated 18.03.2023 | Company has replied vide letter dated 18.03.2023 and clarified the query. | Company has replied vide letter dated 18.03.2023 | |
| 6 | Clarification with respect to Announcement dated 27.03.2023 | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | 30 | Clarification | Stock Exchange | | Clarification | | Clarification sought by NSE vide email dated 27.03.2023 | | Clarification sought by NSE vide email dated 27.03.2023 regarding date of event of cessation of Mr. Narayan Saboo from the post of Compliance Officer | 31.03.2023 | Company has replied vide letter dated 30.03.2023 | Company has provide the date of receipt of the event of cessation of Mr. Narayan Saboo from the post of Compliance Officer vide letter dated 30.03.2023. | Company has replied vide letter dated 30.03.2023 | |
Affirmation |
| Sr No | Regulation | Compliance status (Yes/No/NA) | Observations /Remarks by PCS* |
| 1 | Secretarial Standards:
The compliances of the listed entity are in accordance with the applicable Secretarial Standards (SS) issued by the Institute of Company Secretaries India (ICSI) | Yes | |
| 2 | Adoption and timely updation of the Policies |
| (a) | All applicable policies under SEBI Regulations are adopted
with the approval of board of directors of the listed entities | Yes | |
| (b) | All the policies are in conformity with SEBI Regulations and
has been reviewed & timely updated as per the
regulations/circulars/guidelines issued by SEBI | Yes | |
| 3 | Maintenance and disclosures on Website |
| (a) | The Listed entity is maintaining a functional website | Yes | |
| (b) | Timely dissemination of the documents/ information under
a separate section on the website | Yes | |
| (c) | Web-links provided in annual corporate governance reports
under Regulation 27(2) are accurate and specific which re-directs to the relevant document(s)/ section of the website | Yes | |
| 4 | Disqualification of Director:
None of the Director of the Company are disqualified under
Section 164 of Companies Act, 2013 | Yes | |
| 5 | Details related to Subsidiaries of listed entities:
(a) Identification of material subsidiary companies
(b) Requirements with respect to disclosure of material as well as other subsidiaries | Yes | |
| 6 | Preservation of Documents:
The listed entity is preserving and maintaining records as prescribed under SEBI Regulations and disposal of records as per Policy of Preservation of Documents and Archival policy prescribed under SEBI LODR Regulations | Yes | |
| 7 | Performance Evaluation:
The listed entity has conducted performance evaluation of the
Board, Independent Directors and the Committees at the start
of every financial year as prescribed in SEBI Regulations | Yes | |
| 8 | Related Party Transactions |
| (a) | The listed entity has obtained prior approval of Audit
Committee for all Related party transactions | Yes | |
| (b) | In case no prior approval obtained, the listed entity shall
provide detailed reasons along with confirmation whether
the transactions were subsequently
approved/ratified/rejected by the Audit committee | Yes | |
| 9 | Disclosure of events or information:
The listed entity has provided all the required disclosure(s) under Regulation 30 along with Schedule III of SEBI LODR Regulations within the time limits prescribed thereunder | Yes | |
| 10 | Prohibition of Insider Trading:
The listed entity is in compliance with Regulation 3(5) & 3(6)
SEBI (Prohibition of Insider Trading) Regulations, 2015 | Yes | |
| 11 | Actions taken by SEBI or Stock Exchange(s), if any:
No Actions taken against the listed entity/ its promoters/directors/ subsidiaries either by SEBI or by Stock Exchanges (including under the Standard Operating Procedures issued by SEBI through various circulars) under SEBI Regulations and circulars/ guidelines issued thereunder (or)
The actions taken against the listed entity/ its promoters/ directors/ subsidiaries either by SEBI or by Stock Exchanges are specified in the last column | No | As per the details mentioned in the Curent Report tab of the XBRL. |
| 12 | Resignation of statutory auditors from the listed entity or its material subsidiaries:
In case of resignation of statutory auditor from the listed entity or any of its material subsidiaries during the financial year, the listed entity and / or its material subsidiary(is) has / have complied with paragraph 6.1 and 6.2 of section V-D of chapter V of the Master Circular on compliance with the provisions of the LODR Regulations by listed entities | NA | None |