sebi:EAD/BJD/NJMR/12/2017-18
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Held liable under Section 15C of SEBI Act with penalty of Rs.1,00,000; held not guilty under Section 15A(a) of SEBI Act
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15C
Parties
- Maestros Mediline Systems Ltd.
Holding
The Noticee was held liable under Section 15C of the SEBI Act for failing to take reasonable steps to redress the investor complaint within the specified timeline and was imposed a penalty of Rs.1,00,000, but was held not guilty under Section 15A(a) because violation of a SEBI circular does not attract that provision.
Full text
__________________________________________________________________________________ Adjudication Order in respect of Maestros Mediline Systems Ltd.,
__________________________________________________________________________________ Adjudication Order in respect of Maestros Mediline Systems Ltd.,
__________________________________________________________________________________ Adjudication Order in respect of Maestros Mediline Systems Ltd.,
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:EAD/BJD/NJMR/12/2017-18. 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.