sebi:EAD-5/BS/AO/28/2017-18
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Facts / Headnote
Disposed of without imposition of any penalty
Provisions invoked
- s. 15
- s. 15H
Parties
- Centerac Technologies Limited
Holding
The alleged violation of SEBI's Circulars requiring SCORES authentication by Centerac Technologies Limited was not established, and the adjudication proceedings were disposed of without imposition of any penalty.
Full text
Adjudication Order in respect of Centerac Technologies Limited Page 2 of 5 within the stipulated time period. The said SEBI Consolidated Circular further, inter alia, stated that failure by any listed company to obtain SCORES authentication would not only be deemed as non-redressal of investor grievances, but, also indicate wilful avoidance of the same.
Adjudication Order in respect of Centerac Technologies Limited Page 3 of 5 not be initiated and penalty be not imposed under section 15HB of SEBI Act, 1992, for the alleged violation of provisions of the SEBI Consolidated Circular by not obtaining SCORES authentication.
Adjudication Order in respect of Centerac Technologies Limited Page 4 of 5 CONSIDERATION OF ISSUES AND FINDINGS 9. I have carefully perused the submissions of the Noticee, and the documents available on record. The issues that arise for consideration in the present case are:
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Source: SecMarx — sebi:EAD-5/BS/AO/28/2017-18. 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.