Corporate Law Updates

1. Sun Pharmaceutical Industries Limited was fined Rs. 40 lakh under Section 125(1) of the Customs Act, 1962, and Rs. 25.2 lakh under Section 114A for short payment of customs duty. The company disclosed the order under SEBI’s Regulation 30, confirming no material operational impact.

2. SEBI issued an administrative warning to HDFC Bank for non-compliance with provisions of SEBI (Merchant Bankers) Regulations and insider trading norms, identified during a periodic inspection.

3. Coffee Day Enterprises Ltd settled a disclosure violation case with SEBI, paying Rs. 7.52 lakh as settlement charges. SEBI accepted the settlement, halting adjudication proceedings.