sebi:EAD/PM-NK/AO/40/2017-18
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Facts / Headnote
Penalty imposed on Noticee for failure to obtain SCORES authentication
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Parties
- M/s Prem Kutir Estates And Properties Limited
Holding
The Noticee, M/s Prem Kutir Estates And Properties Limited, violated SEBI's SCORES authentication circulars by failing to obtain SCORES authentication, and a penalty of Rs. 1,00,000 was imposed under Section 15HB of the SEBI Act.
Full text
Page 2 of 9 take action under the rescinded circulars before the date of issuance of SEBI Consolidated Circular, shall be deemed to have been done or taken or commenced under the provisions of SEBI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 9 7. An opportunity of personal hearing was granted to the Noticee on December 20, 2017 by publishing the notice in two newspapers on November 30, 2017. However, Noticee neither replied to the SCN nor attended the personal hearing.
Page 4 of 9 circular had made it clear that SEBI would be constrained to initiate enforcement actions as per law in case of failure to inter alia comply with obtaining of the SCORES authentication.
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Source: SecMarx — sebi:EAD/PM-NK/AO/40/2017-18. 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.