sebi:EAD/BJD/BKM/43/2017-18
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 - Rs.50,000 under Section 15HB and Rs.1,00,000 under Section 15C, total Rs.1,50,000
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15C
Parties
- M/s. Indusmin Foods Limited
Holding
The Noticee failed to obtain SCORES authentication and failed to redress two investor grievances regarding dematerialisation in violation of SEBI Circular dated August 13, 2012, and is liable for penalty of Rs.50,000 under Section 15HB and Rs.1,00,000 under Section 15C, totalling Rs.1,50,000.
Full text
_____________________________________________________________________________________ Adjudication Order in matter of Indusmin Foods Ltd., Page 2 of 12
_____________________________________________________________________________________ Adjudication Order in matter of Indusmin Foods Ltd., Page 3 of 12
_____________________________________________________________________________________ Adjudication Order in matter of Indusmin Foods Ltd., Page 4 of 12
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Source: SecMarx — sebi:EAD/BJD/BKM/43/2017-18. 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.