sebi:EAD-5/BS/AO/30/2017-18
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Facts / Headnote
Disposed of without imposition of any penalty
Provisions invoked
- s. 15
- s. 15H
Parties
- M/s Ensa Steel Industries Limited
Holding
The Adjudicating Officer held that the Noticee had obtained SCORES authentication on 20.03.2012 and therefore the alleged violation of SEBI's Circulars requiring SCORES authentication was not established, and the adjudication proceedings were disposed of without any penalty.
Full text
Page 2 of 5 authentication would not only be deemed as non-redressal of investor grievances, but, also indicate wilful avoidance of the same.
Page 3 of 5 not be initiated and penalty be not imposed under section 15HB of SEBI Act, 1992, for the alleged violation of the provisions of the SEBI Consolidated Circular dated December 18, 2014 for failure to obtain SCORES authentication.
Page 4 of 5 b) Does the violation, if any, on the part of the Noticee attract monetary penalty under Section 15HB of the SEBI Act?
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Source: SecMarx — sebi:EAD-5/BS/AO/30/2017-18. 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.