sebi:EAD-9/AO/SM/55/2018-19
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
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
- Shree Vindhya Paper Mills Ltd
Holding
The Noticee violated SEBI SCORES circulars by failing to obtain SCORES authentication and is liable to monetary penalty under Section 15HB of the SEBI Act. A penalty of Rs. 1,00,000 was imposed on Shree Vindhya Paper Mills Ltd.
Full text
In the matter of Shree Vindhya Papers Mills Ltd Page 2 of 6 December 18, 2014, thus, making the Noticee liable for imposition of penalty under Section 15HB of SEBI Act, 1992.
In the matter of Shree Vindhya Papers Mills Ltd Page 3 of 6 hearing proceedings on the stipulated date and time, it will be presumed that Noticee has no submissions to offer in its defense and the matter would be further proceeded with on the basis of the material available on record.
In the matter of Shree Vindhya Papers Mills Ltd Page 4 of 6 Noticee were approved by the Competent Authority on February 05, 2015 which was before “Compulsory Delisting” by BSE on August 23, 2017 and NSE on March 08, 2017 and the Noticee continues to be suspended from June 17, 2004 on CSE.
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Source: SecMarx — sebi:EAD-9/AO/SM/55/2018-19. 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.