sebi:BS/AO-3/2008
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on Southern Herbals Limited for failure to redress investor grievances
Provisions invoked
- s. 15
- s. 15J
- s. 15C
Parties
- Southern Herbals Limited
Holding
Southern Herbals Limited is liable to a penalty of Five lakh Rupees under Section 15C of the SEBI Act, 1992 for failing to redress investor grievances within the time specified by SEBI after being called upon in writing to do so.
Full text
- 2 - 3. It is noted that the SCN sent by registered post returned with remarks “No company at given address”. In view of the same Bangalore Stock Exchange Limited was required to serve the SCN. The Bangalore Stock Exchange Limited deputed officials to deliver the SCN to the company at its registered Office but found that the company was not functioning. In view of the same, the SCN was affixed on the premises of the company.
- 3 - Complaints received during the Year Type 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 Pending as on Dec 23, 2003 II
- 4 - Type III: Non receipt of A Share certificate in exchange of allotment letter B Share certificate after transfer C Share transfer after transmission D Share certificates after conversion E Share certificates after endorsement F Share certificates after consolidation G Share certificates after splitting H Bonus shares I Share certificate against duly executed indemnity bond sent to the company
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Source: SecMarx — sebi:BS/AO-3/2008. 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.