sebi:OIAE/ROL/AO/DRK-DS/EAD3-410/76-2013
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Facts / Headnote
Penalty imposed
Provisions invoked
- s. 24
- s. 15A
- s. 15
- s. 15J
- s. 15C
Parties
- Revati Organics Ltd.
Holding
The Adjudicating Officer imposed a consolidated penalty of Rs 25,000 on Revati Organics Ltd. for delay in redressing investor grievances and delay in submitting the ATR in violation of Sections 15C and 15A(a) of the SEBI Act.
Full text
Page 2 of 8 SHOW CAUSE NOTICE, HEARING AND REPLY 3. A Show Cause Notice no. A&E/EAD-3/DRK-DS/19281/2013 dated August 02, 2013 (hereinafter referred to as 'SCN') was served on the noticee in terms of the provisions of Rule 4 of the Rules, requiring the noticee to show cause as to why an inquiry should not be held against the noticee and why penalty, if any, should not be imposed for the alleged violation of the provisions of Sections 15A(a) and 15C of the SEBI Act.
Page 3 of 8 7. The SCN stated that the reply shall reach within 15 days from date of receipt of the notice, failing which it shall be presumed that the noticee has no reply to submit and the matter shall be proceeded on the basis of material available on record. The aforesaid SCN sent through Hand Delivery Acknowledgment Due (HDAD) and was served on the noticee.
Page 4 of 8 c. The AR is also advised to furnish a detailed reply along with the proof of delivery of letters sent to Shri Yogesh Masalia. d. The AR undertook to submit the aforesaid documents within 10 days.
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Source: SecMarx — sebi:OIAE/ROL/AO/DRK-DS/EAD3-410/76-2013. 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.