sebi:EAD/PM-RR/AO/2019-2020/4609
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 the Noticee for failure to obtain SCORES authentication
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Parties
- Kumi Agro Industries Ltd.
Holding
The Noticee, Kumi Agro Industries Ltd., failed to obtain SCORES authentication as required by SEBI Circulars and is liable for a monetary penalty of Rs 1,00,000/- under Section 15HB of the SEBI Act, 1992.
Full text
Adjudication Order in respect of Kumi Agro Industries Ltd. for failure to obtain SCORES Authentication Page 2 | 7 3. Subsequently, SEBI, vide letter dated December 02, 2013, advised the Noticee, to obtain the SCORES user Id and Password latest by December 18, 2013 failing which SEBI would be constrained to initiate enforcement actions as per SEBI Act, 1992, as deemed appropriate.
Adjudication Order in respect of Kumi Agro Industries Ltd. for failure to obtain SCORES Authentication Page 3 | 7 28, 2016, a copy of the aforesaid SCN was issued to the Noticee in another address.
Adjudication Order in respect of Kumi Agro Industries Ltd. for failure to obtain SCORES Authentication Page 4 | 7 III. If the answer to issues at II is in affirmative, then what quantum of monetary penalty should be imposed on the Noticee?
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-RR/AO/2019-2020/4609. 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.