sebi:AKD/AO-82/2019-20
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Facts / Headnote
Proceedings established; monetary penalty of Rs. 1,00,000 imposed under Section 15HB of the SEBI Act, 1992; no penalty under Section 15C
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15C
Parties
- Chhabra Spinners Ltd.
Holding
The Noticee, Chhabra Spinners Ltd., failed to obtain SCORES authentication in violation of SEBI Consolidated Circular CIR/OIAE/1/2014 dated December 18, 2014, and a monetary penalty of Rs. 1,00,000 was imposed under Section 15HB of the SEBI Act, 1992. No penalty was imposed under Section 15C as the investor grievances were found to have been disposed of and no grievance was pending against the Noticee as on date.
Full text
Order in respect to Chhabra Spinners Ltd. in the matter of non-obtaining of SCORES authentication and non-redressal of investor grievance Page 2 of 12
Order in respect to Chhabra Spinners Ltd. in the matter of non-obtaining of SCORES authentication and non-redressal of investor grievance Page 3 of 12 1992, the alleged violations committed by the Noticee companies of the said SEBI Consolidated Circular and non redressal of the investor grievance within a stipulated time pending at SCORES .
Order in respect to Chhabra Spinners Ltd. in the matter of non-obtaining of SCORES authentication and non-redressal of investor grievance Page 4 of 12
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Source: SecMarx — sebi:AKD/AO-82/2019-20. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.