sebi:EAD/BJD/NJMR/42/2017-18
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 on Noticee
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15I
- s. 15J
- s. 15C
Regulations
- Reg. 7
Parties
- ACI Infocom Ltd.
Holding
The Noticee failed to redress investor complaints within the 30-day timeframe prescribed by SEBI circular and failed to file ATR under SCORES, and was held liable for monetary penalty under Section 15C of the SEBI Act for failure to redress grievances, but not under Section 15A(a) as circulars do not fall within the scope of Section 15A(a). A penalty of Rs. 4,00,000 was imposed under Section 15C.
Full text
_____________________________________________________________________________________ Adjudication Order in matter of ACI Infocom Ltd., Page 2 of 17
_____________________________________________________________________________________ Adjudication Order in matter of ACI Infocom Ltd., Page 3 of 17
_____________________________________________________________________________________ Adjudication Order in matter of ACI Infocom Ltd., Page 4 of 17
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Source: SecMarx — sebi:EAD/BJD/NJMR/42/2017-18. 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.