sebi:AO/SM-LS/ERO/07/2015
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Facts / Headnote
Penalty imposed on Noticee 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 was found to have violated SEBI Circular No. CIR/OIAE/1/2013 by failing to obtain 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 b) Does the violation, if any, on the part of the Noticee attract monetary penalty under Section 15 HB of the SEBI Act? 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 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/07/2015. 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.