sebi:EAD-9/VKV/GSS/2020-21/9859
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Facts / Headnote
Violation established ex-parte; monetary penalty imposed
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15F
- s. 28A
- s. 23E
- s. 21
Regulations
- Reg. 103
Parties
- Global Securities Limited
Holding
The Noticee violated Clause 35 of the Listing Agreement r/w Regulation 103 of SEBI (LODR) Regulations, 2015 and section 21 of the SCRA, 1956 by failing to file quarterly shareholding pattern for June 2013 and September 2013 quarters, and is liable to a monetary penalty of Rs. 3,00,000 under Section 23E of SCRA, 1956.
Full text
Adjudication Order in respect of Global Securities Limited Page 2 of 8 SHOW CAUSE NOTICE, REPLY AND HEARING 4. Subsequently, a show Cause Notice (SCN) was issued to the Noticee on November 06, 2020, vide which the Noticee was clearly advised to submit its reply within fourteen days of receipt of the same. The same was returned undelivered with remarks “addressee left without instructions”. In the meantime scanned copy of the SCN was also sent to the Noticee vide e-mail dated November 12, 2020 along with the requisite Annexures at the e-mail ID globalsecurities123@gmails.com, which was available on record. However, no reply was received from the Noticee till the passing of this order.
Adjudication Order in respect of Global Securities Limited Page 3 of 8 III. If so, what quantum of monetary penalty should be imposed on the Noticee considering the factors stated in section 15J of SEBI Act, 1992?
Adjudication Order in respect of Global Securities Limited Page 4 of 8 10. Management of the company during the Investigation Period was as under;
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Source: SecMarx — sebi:EAD-9/VKV/GSS/2020-21/9859. 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.