sebi:EAD/PM-RR/AO/2019-2020/4619
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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
- Konark Properties Ltd.
Holding
The Noticee, Konark Properties Ltd., failed to obtain SCORES authentication within the time granted by SEBI 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 Konark Properties 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 Konark Properties Ltd. for failure to obtain SCORES Authentication Page 3 | 7 were sent to the Noticee vide letters dated October 26, 2016 and November 22, 2016.
Adjudication Order in respect of Konark Properties Ltd. for failure to obtain SCORES Authentication Page 4 | 7 CONSIDERATION OF ISSUES, EVIDENCE AND FINDINGS
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Source: SecMarx — sebi:EAD/PM-RR/AO/2019-2020/4619. 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.