sebi:AO/SM-LS/ERO/19/2016
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Facts / Headnote
Penalty of INR 1,50,000 imposed under Section 15HB of SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Holding
The Noticee violated SEBI circulars by failing to obtain SCORES authentication within the stipulated time and is liable under Section 15HB of the SEBI Act. A monetary penalty of Rs. 1,50,000 was imposed against the Noticee.
Full text
Page 2 of 5 15HB 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 authentication by December 18, 2013. It is observed that the Noticee once again failed and neglected to comply. The Noticee has now submitted that it has obtained SCORES registration. On verification from the department it is learnt that the Noticee was granted SCORES authentication as on January 27, 2016. Failure to comply with the
Page 4 of 5 12. In view of the aforementioned violation, the Noticee is liable for monetary penalty under Section 15HB of SEBI Act which reads as follows:
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Source: SecMarx — sebi:AO/SM-LS/ERO/19/2016. 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.