sebi:OIAE/SHCL/AO/DRK-DS/EAD3-417/83-2013
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Facts / Headnote
Consolidated penalty imposed
Provisions invoked
- s. 15A
- s. 15
- s. 15J
- s. 15C
Parties
- Surlux Health Centres Ltd.
Holding
Surlux Health Centres Ltd. was held liable under Sections 15C and 15A(a) of the SEBI Act, 1992 for failure to redress share-transfer investor grievances within the stipulated time and failure to submit ATR, and a consolidated penalty of Rs 50,000 (Rs 25,000 under each provision) was imposed.
Full text
Page 2 of 7 SHOW CAUSE NOTICE, HEARING AND REPLY 3. A Show Cause Notice no. A&E/EAD-3/DRK-DS/19273/2013 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 on the noticee for the alleged violation of the provisions of Sections 15A(a) and 15C of the SEBI Act.
Page 3 of 7 letter also mentioned that on failure to redress the investor grievances, SEBI may initiate regulatory actions against the noticee including debarment from the securities market and/ or imposing penalty. The said letter was sent through Hand Delivery Acknowledgment Due (HDAD) and the same was served on the noticee.
Page 4 of 7 11. The AR of the noticee appeared for the hearing and made the following submissions: a. The company is not in operation for the last ten years. b. Most of the pending complaints pertain to non receipt of dividend. However, no dividend was declared as the company has no income. c. The AR has undertaken to furnish the detailed reply with respect to each complaint along with the chronology of actions taken to resolve the said investor complaints. d. The AR undertook to submit the aforesaid documents within 10 days.
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Source: SecMarx — sebi:OIAE/SHCL/AO/DRK-DS/EAD3-417/83-2013. 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.