sebi:EAD/KS/AA/AO/44/2017-18
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs. 4,00,000 imposed on the Noticee under Section 15C of the SEBI Act
Provisions invoked
- s. 15
- s. 15J
- s. 15F
- s. 15C
- s. 15Y
Parties
- Kamala Tea Company Limited
Holding
The Noticee failed to submit ATR in SCORES within 30 days and failed to redress the investor complaints in accordance with SEBI Circular CIR/OIAE/1/2014 dated December 18, 2014, and is therefore liable under Section 15C of the SEBI Act, with a penalty of Rs. 4,00,000 imposed.
Full text
Page 2 of 15 redressed two investor complaints pending against it in accordance with the provisions of SEBI Circular No. CIR/OIAE/1/2014 dated December 18, 2014 and thereby, was liable for penalty under Section 15C of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as 'SEBI Act').
Page 3 of 15 (b) It was alleged that the Noticee did not submit ATR within the stipulated time and did not redress the said investor complaints in accordance with the SEBI Circular no CIR/OIAE/1/2014 dated December 18, 2014.
Page 4 of 15 2. There is a possible violation by the complainant of SEBI (SAST) guidelines 1997, with persons/ firms acting together for possible unfair practices.
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Source: SecMarx — sebi:EAD/KS/AA/AO/44/2017-18. 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.