sebi:EAD/KS/AA/AO/34/2017-18
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Facts / Headnote
Penalty imposed
Provisions invoked
- s. 15
- s. 15J
- s. 15F
- s. 15C
Parties
- Ami Computers India Limited
Holding
The Noticee, Ami Computers India Limited, failed to submit ATR within 30 days of receipt of the investor complaint and failed to resolve the complaint in accordance with SEBI Circular CIR/OIAE/1/2014 dated December 18, 2014, and is liable for a penalty of Rs. 4,00,000 under Section 15C of the SEBI Act.
Full text
Page 2 of 14 2. SEBI observed that Ami Computers India Limited (hereinafter referred to as 'the Noticee / the Company/ ACIL’) had failed to submit ATR within the stipulated time and also not redressed one investor complaint having SCORES registration no. SEBIE/WB13/0001091/1 pending against it with regard to non- receipt of shares after transfer. Thus, the Noticee has allegedly violated the provisions of SEBI circular ref. no. CIR/OIAE/1/2014 dated December 18, 2014 and is liable for monetary penalty under Section 15C of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as 'SEBI Act').
Page 3 of 14 transfer having SCORES registration no. SEBIE/WB13/0001091/1. The said complaint was forwarded to ACIL on September 26, 2013 in SCORES for necessary redressal.
Page 4 of 14 digitally signed e-mail advising it to submit its response to SCN before September 30, 2017 and to appear for final hearing on October 06, 2017. This letter was sent to three addresses of the Noticee: (1) Suite No. 10, 5th floor, Shanti Niketan Building, 8, CAMAC Street, Kolkata – 700017, (2) 60A & 60B, Chowringhee Road, Kolkata – 700020, and (3) Chowringhee Road, Sreepally, Bhowanipore, Kolkata, West Bengal – 700020. Copies of the SCN dated August 02, 2017 and the reminder cum hearing notice letter dated August 31, 2017 were also again enclosed with this letter. The reminder cum hearing notice dated September 22, 2017 was delivered on October 04, 2017 at one of the aforesaid addresses of the Noticee: Suite No. 10, 5th floor, Shanti Niketan Building, 8, CAMAC Street, Kolkata – 700017. The Noticee vide its letter dated October 05, 2017 acknowledged the receipt of the second reminder cum hearing notice dated September 22, 2017. As the SCN and the reminder cum hearing notice dated August 31, 2017 were enclosed with the said reminder cum hearing notice dated September 22, 2017, it can be said the SCN and the hearing notice were duly served on the Noticee. In its aforesaid letter dated October 05, 2017, the Noticee inter alia requested for four weeks of time for hearing.
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Source: SecMarx — sebi:EAD/KS/AA/AO/34/2017-18. 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.