sebi:EAD-2/DSR/VS/895/2018
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on Noticee for failure to redress investor complaint and obtain SCORES authentication
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15F
- s. 15C
Regulations
- Reg. 17
- Reg. 15(1)
- Reg. 3(1)
- Reg. 3(3)
Parties
- Trupti Twisters Limited
Holding
The Noticee failed to obtain SCORES authentication within the prescribed time and failed to redress an investor complaint within the prescribed time, violating SEBI Circulars. A monetary penalty of Rs. 2,00,000 was imposed under Section 15HB of the SEBI Act.
Full text
______________________________________________________________________________________ Page 1 of 7 BEFORE THE ADJUDICATING OFFICER SECURITIES AND EXCHANGE BOARD OF INDIA
____________________________________________________________________________________ Page 2 of 3 announcement. It was thus, alleged that the Applicant has violated the provisions of Regulation 3(1) read with Regulation 3(3) of SAST Regulations, 2011
____________________________________________________________________________________ Page 3 of 3 ii. the Applicant breaches any of the clauses/conditions of undertakings/waivers filed during the current settlement proceedings.
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Source: SecMarx — sebi:EAD-2/DSR/VS/895/2018. 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.