sebi:EAD/PM-RR/AO/2019-2020/5328
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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
- Keval India Limited
Holding
The Noticee, Keval India Limited, failed to obtain SCORES authentication within the prescribed timeline 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 Keval India Limited 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 Keval India Limited for failure to obtain SCORES Authentication Page 3 | 7 sent to the Noticee vide letters dated October 28, 2016 and December 7, 2017. Subsequently, Noticee, vide letter dated December 8, 2017, submitted that it has already obtained SCORES authentication.
Adjudication Order in respect of Keval India Limited for failure to obtain SCORES Authentication Page 4 | 7 II. Whether the Noticee is liable for monetary penalty under Section 15HB of the SEBI Act?
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Source: SecMarx — sebi:EAD/PM-RR/AO/2019-2020/5328. 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.