sebi:EAD-12/AO/SM/163/2018
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Facts / Headnote
Decided ex-parte; penalty of Rs. 1,00,000 imposed on Noticee under Section 15HB of SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15F
Parties
- M/s Sheena Textiles Ltd
Holding
The Noticee violated SEBI Circulars dated June 3, 2011, August 13, 2012, April 17, 2013 and December 18, 2014 by failing to obtain SCORES authentication, attracting monetary penalty under Section 15HB of the SEBI Act. A penalty of Rs. 1,00,000 was imposed on M/s Sheena Textiles Ltd.
Full text
In the matter of M/s Sheena Textiles Ltd Page 2 of 6 APPOINTMENT OF ADJUDICATING OFFICER 3. SEBI has appointed Ms. Anita Kenkare as the Adjudicating Officer, to inquire and adjudge under Section 15-I of SEBI Act and Rule 3 of SEBI (Procedure of Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as the ‘Rules’) to inquire into and adjudge under Section 15HB of SEBI Act for the alleged violations of the provisions of CIR/OIAE/1/2014 dated December 18, 2014 by the Noticee. Subsequent to the transfer of case, the undersigned was appointed as Adjudicating Officer vide Order dated October 04,
In the matter of M/s Sheena Textiles Ltd Page 3 of 6 been followed in the matter, as enough opportunities were provided to the Noticee to reply to the SCN and to appear for hearing. As such I am inclined to decide the matter ex-parte taking into account the evidence/material available on record.
In the matter of M/s Sheena Textiles Ltd Page 4 of 6 Noticee was obligated to comply with the directions of SEBI in respect of obtaining SCORES authentication when it was very much listed.
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Source: SecMarx — sebi:EAD-12/AO/SM/163/2018. 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.