sebi:EAD-12/AO/SM/196/2018
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Facts / Headnote
Penalty of Rs. 1,00,000 imposed on the Noticee under Section 15HB of the SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15F
Parties
- M/s SPL Technochem Ltd
Holding
The Noticee, M/s SPL Technochem Ltd, violated SEBI Circulars dated June 03, 2011, August 13, 2012, April 17, 2013 and December 18, 2014 by failing to obtain SCORES authentication while it was listed, and a penalty of Rs. 1,00,000 was imposed under Section 15HB of the SEBI Act.
Full text
In the matter of M/s SPL Technochem Ltd Page 2 of 7 of SEBI Consolidated Circular. SEBI Observed that the Noticee had failed to comply with the said directions of the SEBI Consolidated Circular.
In the matter of M/s SPL Technochem Ltd Page 3 of 7 Personal Hearing: 6. In the interest of natural justice, a hearing notice no. EAD-6/AK/VG/17445/2017 dated July 25, 2017 granting an opportunity of personal hearing was sent to the address of the Noticee to appear for personal hearing on August 22, 2017, which was duly delivered to the Noticee.
In the matter of M/s SPL Technochem Ltd Page 4 of 7 FINDINGS: Issue I: Whether the Noticee by failing to obtain SCORES authentication has violated the provisions of SEBI Circulars No. 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?
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Source: SecMarx — sebi:EAD-12/AO/SM/196/2018. 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.