sebi:AO/SM-LS/ERO/05/2015
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Facts / Headnote
Penalty imposed under Section 15HB of the SEBI Act for failure to comply with SEBI Circular No. CIR/OIAE/1/2013
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Parties
- Noticee (unnamed in text)
Holding
The Noticee failed to comply with SEBI Circular No. CIR/OIAE/1/2013 by not obtaining SCORES authentication within the stipulated time, and a penalty of Rs. 1,50,000 was imposed under Section 15HB of the SEBI Act.
Full text
Page 2 of 5 of SEBI Act for the alleged violation of SEBI circular by the Noticee. Pursuant to the transfer of Shri S V Krishanmohan, the undersigned was appointed as Adjudicating Officer vide Order dated June 22, 2015.
Page 3 of 5 c) If so, what would be the monetary penalty that can be imposed taking into consideration the factors mentioned in Section 15J of the SEBI Act?
Page 4 of 5 to obtain SCORES authentication within the time stipulated by SEBI. However, the appellant has consistently failed and neglected to comply with the directions of SEBI and it is only when SEBI initiated penalty proceedings, the appellant chose to comply with the
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Source: SecMarx — sebi:AO/SM-LS/ERO/05/2015. 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.