0047-2012 Kaleidoscope Films Ltd vs The Adjudicating Officer Securities and Exchange Board of India
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15C.Penalty for failure to redress investors' grievances.- If any listed company or any person who is registered as an intermediary, after having been called upon by the Board in writing, to redress the grievances of investors, fails to redress such grievances within the time specified by the Board, such company or intermediary shall be liable to a penalty of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less.” 3. The Board issued notice to the appellant citing various pending grievances of the
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI
Appeal No. 47 of 2012 Date of Decision: 22.10.2012
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