sebi:EAD-12/AO/SM/133/2017
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Facts / Headnote
Penalty of Rs. 1,00,000 imposed under Section 15HB; proceedings under Section 15C dropped
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15C
Parties
- M/s Rodal Circaprint Electronics Ltd
Holding
The Noticee violated SEBI Circular CIR/OIAE/1/2012 by failing to obtain SCORES authentication, attracting a penalty of Rs. 1,00,000 under Section 15HB; however, proceedings under Section 15C were dropped because the statutory precondition of being 'called upon by the Board in writing' was not fulfilled.
Full text
In the matter of M/s Rodal Circaprint Electronics Ltd Page 2 of 7 into and adjudge under Section 15C and 15HB of SEBI Act for the alleged violations of the provisions of CIR/OIAE/1/2012 dated August 13, 2012by the Noticee. Pursuant to his transfer, Shri S.V. Krishnamohan was appointed as the Adjudicating Officer vide Order dated December 14, 2016. Subsequent to the transfer of case, the undersigned was appointed as Adjudicating Officer vide
In the matter of M/s Rodal Circaprint Electronics Ltd Page 3 of 7 record. Consideration of Issues and Findings: 10. I have carefully pursued the documents available on record. It is observed that the allegation against the Noticee is that it has failed to obtain SCORES authentication and failed to redress the pending investor grievances. The issues, therefore, that arise for consideration in the present matter are:
In the matter of M/s Rodal Circaprint Electronics Ltd Page 4 of 7 Thus the requirement under 15C of the SEBI Act which states that “after having been called upon by the Board in writing remains unfulfilled.
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Source: SecMarx — sebi:EAD-12/AO/SM/133/2017. 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.