sebi:EAD/PM/SM/2020-21/10394
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 for failure to obtain SCORES authentication
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Parties
- Suman Motels Limited
Holding
The Noticee, Suman Motels Limited, was held liable for failing to obtain SCORES authentication in violation of SEBI Circulars, and a penalty of Rs. 1,00,000 was imposed under section 15HB of the SEBI Act, 1992. The allegation of failure to redress investor grievances was not established due to insufficient evidence.
Full text
Adjudication Order in respect of Suman Motels Limited for failure to obtain SCORES Authentication and for failure to redress investor grievances Page 2 of 11
Adjudication Order in respect of Suman Motels Limited for failure to obtain SCORES Authentication and for failure to redress investor grievances Page 3 of 11
Adjudication Order in respect of Suman Motels Limited for failure to obtain SCORES Authentication and for failure to redress investor grievances Page 4 of 11
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/PM/SM/2020-21/10394. 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.