sebi:CO/253/IGG/10/2002
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Facts / Headnote
Direction to redress pending investor grievances within one month, failing which prosecution and debarment to follow without further notice
Provisions invoked
- s. 11B
- s. 73
- s. 621
Regulations
- Reg. 30A
Parties
- Enkay Texofood Industries Limited
- Directors of Enkay Texofood Industries Limited
Holding
SEBI directed Enkay Texofood Industries Limited to redress its pending investor grievances within one month from the date of the order, failing which SEBI would initiate prosecution and 5-year market debarment without further notice.
Full text
Home » Enforcement » Orders » Orders of Chairman/Members Enforcement Enforcement▼ 1. Prosecution under Section 621 of the Companies Act, 1956 for the alleged violation of the provisions of Section 73 and 113 of the aforesaid Act.\ 2. ETI/its directors would be debarred from dealing in and/or accessing the capital market for a period of 5 years.
officials in connection with redressal of investor's grievances pending against it. However, ETI failed to remain present. Subsequently, SEBI vide letter dated May 24, 2002 called upon ETI to show cause as to why appropriate action/proceedings under Sections 11B & 27 of SEBI Act, 1992 read with Section 621 of the Companies Act, 1956 should not be initiated against ETI for the alleged violation of the provisions of Section 73 and 113 of the Companies Act, 1956. However, till date SEBI has not received any reply to the show cause notice from ETI. Now, therefore, in exercise of the powers conferred upon me under Section 11B of the SEBI Act, 1992, I hereby direct ETI to redress the investor's grievances pending against ETI within a period of one month from the date of this order failing of which SEBI would be constrained to initiate actions as under without giving any further notice:
Place : Mumbai Date : October 14 , 2002 G. N. BAJPAI Chairman Securities and Exchange Board of India Orders Orders of SAT Orders of Chairperson/ Members Settlement Order Orders of AA under the RTI Act Orders of Corporatisation / Demutualisation Scheme Orders of AO Orders of Courts Orders Of Special Courts Orders of ED / CGM (Quasi- Judicial Authorities) Orders under Regulation 30A of the SEBI (Intermediaries) Regulations, 2008 Informal Guidance Clarifications on Insider Trading Orders That Could Not be Served Unserved Summons / Notices Recovery Proceedings Auction Notice under Recovery Proceedings Enforcement
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Source: SecMarx — sebi:CO/253/IGG/10/2002. 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.