sebi:AO/SG-AS-AK/EAD/14/2016
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Facts / Headnote
Adjudication proceedings disposed of; no penalty imposed
Provisions invoked
- s. 15H
- s. 15I
- s. 15C
Parties
- M/s Rana Mohendra Papers Limited
Holding
The Noticee was held not to have violated Section 15C of the SEBI Act, 1992, because the statutory precondition of being 'called upon by the Board in writing' to redress grievances was not fulfilled, and consequently no monetary penalty was imposed under Section 15C.
Full text
Adjudication Order in respect of M/s Rana Mohendra Papers Limited Page 2 of 7 February 17, 2016 2. In order to further remind the Noticee about the compliance with the requirements as laid down in the SEBI Circular dated June 03, 2011, a letter dated April 16, 2012 was sent to the Noticee informing about the commencement of processing of investor complaints in a centralized web based complaints redress system “SCORES” in terms of the Circular and advised the Noticee to send the information (i.e. details for authentication) as required in the Circular, at the earliest.
Adjudication Order in respect of M/s Rana Mohendra Papers Limited Page 3 of 7 February 17, 2016 transfer of Shri Praveen Trivedi, Shri Jayanta Jash was appointed as Adjudicating Officer vide Order dated December 18, 2013. Further, upon transfer of Shri Jayanta Jash, the undersigned was appointed as Adjudicating Officer vide Order dated June 22, 2015.
Adjudication Order in respect of M/s Rana Mohendra Papers Limited Page 4 of 7 February 17, 2016 SCN dated August 06, 2013 was sent at the new address of the Noticee (which was obtained from MCA website) i.e. "Village Fathepur Sialaba Kurali, District Ropar, Punjab” through speed post. As per speed post tracking details the same was delivered.
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Source: SecMarx — sebi:AO/SG-AS-AK/EAD/14/2016. 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.