sebi:EAD-12/AO/SM/128/2017
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Facts / Headnote
Penalty of Rs. 1,00,000 imposed under Section 15HB of the SEBI Act, 1992; matter decided ex-parte
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15F
Parties
- M/s. Stotz-Blacksmiths Ltd
Holding
The Noticee failed to obtain SCORES authentication in violation of SEBI Circulars dated June 03, 2011, August 13, 2012, April 17, 2013 and December 18, 2014. A monetary penalty of Rs. 1,00,000 under Section 15HB of the SEBI Act, 1992 was imposed on M/s. Stotz-Blacksmiths Ltd.
Full text
AO Order in the matter of M/s. Stotz-Blacksmiths Ltd Page 2 of 7 2. It was therefore, alleged that the Noticee had failed to obtain SCORES authentication and thereby violated SEBI Circular No. CIR/OIAE/1/2014 dated December 18, 2014, thus, making the Noticee liable for imposition of penalty under Section 15HB of SEBI Act, 1992.
AO Order in the matter of M/s. Stotz-Blacksmiths Ltd Page 3 of 7 The copies of the SCN and Hearing Notice were also uploaded on the website of SEBI under Unserved Summons/Notices www.sebi.gov.in. A Public Notice was also given in Times of India and Loksatta, Mumbai Edition, which was published on November 18, 2017 to appear for Personal Hearing on November 30, 2017. However, neither did the Noticee appear on the date scheduled for the personal hearing, nor has the Noticee filed any reply in the matter till date.
AO Order in the matter of M/s. Stotz-Blacksmiths Ltd Page 4 of 7 FINDINGS: Issue I: Whether the Noticee had violated the provisions of SEBI Circulars CIR/OIAE/2/2011 dated June 03, 2011, CIR/OIAE/1/2012 dated August 13, 2012, CIR/OIAE/1/2013 dated April 17, 2013 and CIR/OIAE/1/2014 dated December 18, 2014 by failing to obtain SCORES authentication?
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Source: SecMarx — sebi:EAD-12/AO/SM/128/2017. 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.