sebi:OIAE/KSL/AO/DRK-CS/EAD-3/411/77-13
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Facts / Headnote
Disposed of - allegation not tenable, no penalty imposed
Provisions invoked
- s. 15C
Parties
- Konark Synthetics Ltd.
Holding
The allegation of non-redressal of investor grievance against Konark Synthetics Ltd. as specified in the SCN dated July 29, 2013 is not tenable, and the matter is disposed of without imposition of any penalty.
Full text
Page 2 of 4 why an inquiry should not be held against the Noticee and why penalty, if any, should not be imposed on the Noticee under Section 15C of the SEBI Act for the non-redressal of investor grievance inspite of being called upon to do so in witting. In the said SCN, it was stated/ alleged that Noticee was informed vide letter dated March 8, 2013 that one investor complaint was pending (for more than two years) against it in the SCORES and was directed to redress the complaint within seven days of the receipt of the letter.
Page 3 of 4 Sr. No. Ledger Folio Name of the Shareholder No. of Shares Amount of Dividend (`) Warrant No. Cheque No. Date of Dividend Warrant 1 N50382 Nainesh B Patel 100 100 00000734 001021 7.10.2006 2 N50027 Nainesh Patel 100 100 00000119 000416 7.10.2006 3 N50397 Nainesh Bhai Patel 100 100 00000735 001022 7.10.2006
Page 4 of 4 neither replied to the aforesaid letter dated March 08, 2013, nor redressed the investor grievance within the stipulated time.
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Source: SecMarx — sebi:OIAE/KSL/AO/DRK-CS/EAD-3/411/77-13. 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.