sebi:BS/AO/134/2017-18
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Facts / Headnote
Disposed of without imposition of any penalty
Provisions invoked
- s. 15
- s. 15H
Parties
- Gleitlager India Ltd
Holding
The adjudication proceedings against Gleitlager India Ltd for failure to obtain SCORES authentication were disposed of without imposition of any penalty, as the company was delisted, trading was suspended since May 19, 2004, and no investor complaints were pending.
Full text
Page 2 of 5 Consolidated Circular, shall be deemed to have been done or taken or commenced under the provisions of SEBI Consolidated Circular.
Page 3 of 5 Gleitlager India Ltd, GMH House, Plot No. H-6, MIDC Industrial Area, Chikalthana, Aurangabad – 431210. However, the said SCN returned undelivered with the endorsement “Addressee Left”. It was observed that the address details of the Noticee as per the Ministry of Corporate Affairs (MCA) website was – Manu Mansion, 3rd Floor, 16, Shahid Bhagat Singh Road, Mumbai – 400023. Accordingly, vide letter dated November 14, 2017, copy of the SCN was forwarded to the said address. In the said letter, it was also mentioned that the Noticee may appear for personal hearing before the AO on November 28,
Page 4 of 5 a) Whether the Noticee has violated the provisions of SEBI Circulars CIR/OIAE/2/2011 dated June 03, 2011, CIR/OIAE/1/2012 dated August 13, 2012, CIR/OIAE/1/2013 dated April 17, 2013, and Circular No. CIR/OIAE/1/2014 dated December 18, 2014 by failing to obtain SCORES authentication? b) Does the violation, if any, on the part of the Noticee attract monetary
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Source: SecMarx — sebi:BS/AO/134/2017-18. 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.