sebi:EAD/KS/AA/AO/38/2017-18
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Facts / Headnote
Adjudication proceedings disposed of without penalty
Provisions invoked
- s. 15
- s. 15H
- s. 248(5)
Parties
- Boston Education & Software Technologies Limited
Holding
The adjudication proceedings initiated against Boston Education & Software Technologies Limited vide SCN dated May 12, 2017 cannot be proceeded with because the Noticee has been dissolved pursuant to section 248(5) of the Companies Act, 2013.
Full text
Page 2 of 7 stock exchanges to obtain SCORES authentication and also redress the pending investor grievances within the stipulated time period. The said SEBI Consolidated Circular further inter alia stated that failure by any listed company to obtain SCORES authentication would not only be deemed as non-redressal of investor grievances, but also indicate wilful avoidance of the same and that failure to take action under the rescinded circulars before the date of issuance of SEBI Consolidated Circular, shall be deemed to have been done or taken or commenced under the provisions of SEBI Consolidated Circular.
Page 3 of 7 Kenkare, the proceedings were transferred to the undersigned, which was intimated vide communique dated October 04, 2017.
Page 4 of 7 scheduled for August 08, 2017. However, the Noticee failed to appear for personal hearing scheduled for August 08, 2017.
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Source: SecMarx — sebi:EAD/KS/AA/AO/38/2017-18. 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.