sebi:EAD/SR/SJ/AO/32/2017-18
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Facts / Headnote
Adjudication proceedings disposed of without imposing any monetary penalty; allegations not established
Provisions invoked
- s. 15
- s. 15H
Parties
- Vishal Chairs Limited
Holding
The Noticee, Vishal Chairs Limited, was not found to have violated SEBI circulars requiring SCORES authentication, as there was no proof it was listed on any recognized stock exchange at the time of the alleged violations. The adjudication proceedings were disposed of without imposing any monetary penalty.
Full text
Adjudication Order in respect of Vishal Chairs Limited in the matter of failure to obtain Page 2 of 6 SCORES authentication
Adjudication Order in respect of Vishal Chairs Limited in the matter of failure to obtain Page 3 of 6 SCORES authentication 26, 2017 to the aforementioned address served by affixture. Affixture report of the same is on record. Upon my appointment as AO, I have also given an opportunity of personal hearing to the Noticee vide notice of hearing dated November 6, 2017 for a hearing scheduled on November 28, 2017 by way of affixture and the affixture report of the same is available on record.
Adjudication Order in respect of Vishal Chairs Limited in the matter of failure to obtain Page 4 of 6 SCORES authentication the department of SEBI stated that the Noticee was compulsory delisted from Bombay Stock Exchange (BSE) on May 29, 2017 but was listed on the Ahmedabad Stock Exchange (ASE). However, no proof of Noticee’s being listed at BSE or ASE at the time of alleged violations were provided by the department of SEBI.
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Source: SecMarx — sebi:EAD/SR/SJ/AO/32/2017-18. 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.