|
ISA decision to impose the fine 2.7.2008 |
Sections of the Law that were breached |
Description of the violation (sum of the imposed fine) |
Name of the corporation
(reporater/ underwriter/ principal shareholder) |
|
Decided to impose a fine in the sum of 30,000 NIS; 15,000 for each violation |
Section 36 of the Securities Law and Section 3(9) of the Transactions with Controlling Shareholders Regulations |
The company published conflicts of interest report authorized by 2 external directors whose appointment wasn’t valid at the time of aforesaid authorization. The company published a list of office holders that included 2 external directors whose appointment wasn’t valid Imposed fine: 30,000 NIS 15,000 for each violation |
B. Barashi Road’s infrastructure Ltd (1987) |
| Decided to impose a fine in the sum of 57,000 NIS, including additional fine for continuous violation |
Section 37 of the Securities Law and Sections 33(a), 30(a) of the Immediate and Periodic Reports Regulations |
Principal shareholder’s belated reporting to the company, regarding a change in her holdings in the company. Imposed fine: 39,000 NIS – 3,00 for each violation Continuous violation – 18,480 NIS Total: 57,480 |
Principal shareholder in “Pate Bophirima Ltd” |
| Decided to impose a fine in the sum of 15,000 NIS, without imposing a fine for continuous violation | Section 36 of the securities Law, and Section 39A of the Immediate and Periodic Reports Regulations |
Non-submission of financial reports, containing significant information required by Law. Imposed fine: 15,000 NIS Continuous violation – 78,600 NIS Total: 93,600 |
Prizma ILN Ltd |
| Decided to impose a fine in the sum of 24,000NIS including additional fine for continuous violation | Section 36 of the Securities Law, and Section 7 of the Immediate and Periodic Reports Regulations |
Late in submitting periodic financial reports for 2007, by 16 days. Imposed fine: 15,000 NIS Continuous violation: 9,000 NIS Total: 24,000 NIS |
Denli A.M. Finance Ltd |
| Decided to impose a fine in the sum of 48,600 NIS including additional fine for continuous violation | Section 36 of the Securities Law, and Section 7 of the Immediate and Periodic Reports Regulations |
Late in submitting periodic financial reports for 2007, by 15 days. Imposed fine: 30,000 NIS Continuous violation: 16,800 NIS Total: 46,800 NIS |
Company for Development of Developer’s Center Ltd |
| Decided to impose a fine in the sum of 24,600 NIS including additional fine for continuous violation | Section 36 of the Securities Law, and Section 7 of the Immediate and Periodic Reports Regulations |
Late in submitting periodic financial reports for 2007, by 52 days. Imposed fine: 15,000 NIS Continuous violation: 9,600 NIS Total: 24,600 NIS |
Lito Group Ltd |
| Decided to impose a fine in the sum of 24,600 NIS including additional fine for continuous violation | Section 36 of the Securities Law, and Section 7 of the Immediate and Periodic Reports Regulations |
Late in submitting periodic financial reports for 2007, by 52 days. Imposed fine: 15,000 NIS Continuous violation: 9,600 NIS Total: 24,600 NIS |
Lito Group Ltd |
| Decided to impose a fine in the sum of 19,200 NIS including additional fine for continuous violation | Section 36 of the Securities Law, and Section 7 of the Immediate and Periodic Reports Regulations |
Late in submitting periodic financial reports for 2007, by 8 days. Imposed fine: 15,000 NIS Continuous violation: 4,200 NIS Total: 19,200 NIS |
Dorot Holdings Ltd |
| Decided to impose a fine in the sum of 134,400 NIS including additional fine for continuous violation | Section 36 of the Securities Law, and Section 7 of the Immediate and Periodic Reports Regulations |
Late in submitting periodic financial reports for 2007, by 4 days. Imposed fine: 120,000 NIS Continuous violation: 14,400 NIS Total: 134,400 NIS |
9. מטיס קפיטל בע”מ |
