sebi:ORDER/AO/GR/KG/2019-20/3928
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Facts / Headnote
Penalty imposed on the Noticee for non-compliance with SEBI circulars regarding SCORES authentication and redressal of investor grievances.
Provisions invoked
- s. 15
- s. 19
- s. 11B
- s. 11
- s. 15H
- s. 15F
- s. 28A
- s. 15C
Parties
- Moh Limited
Holding
The Noticee, Moh Limited, was held liable for failing to obtain SCORES authentication within the stipulated timeline and for failing to redress investor grievances within the specified period, in violation of SEBI circulars dated August 13, 2012 and April 17, 2013. A penalty of Rs. 1,00,000 under Section 15HB and Rs. 1,00,000 under Section 15C of the SEBI Act, totaling Rs. 2,00,000, was imposed.
Full text
Page 2 of 8 Adjudication Order against Moh Limited 3. The undersigned was appointed as the AO vide order dated June 12, 2019, conveyed vide communique dated July 26, 2019 under section 19 read with section 15-I of Securities and Exchange Board of India Act, 1992, (hereinafter, SEBI Act) and under Rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter, Rules) to enquire into and adjudge under section 15HB and section 15C of the SEBI Act, for the alleged violation of cited Circulars by the Noticee. Earlier, the case was assigned to Shri Sudip Mishra, General Manager, Shri Anindhya Kumar Das, General Manager and Shri Achal Singh, General Manager. I therefore proceed in the matter from where it had been left by the previous Adjudicating Officer.
Page 3 of 8 Adjudication Order against Moh Limited ii. That subsequent to the receipt of the reminder cum hearing notice mentioned above, the Noticee had yet again responded to Shri Ravi Prakash Mittal on September 25, 2014 and provided the details on the SCORES website, wherein due to weak internet connection, all documents/information might not have been correctly stated. However, the complaint was disposed on SCORES by the Noticee.
Page 4 of 8 Adjudication Order against Moh Limited 8. While recording my finding, it is pertinent to have a brief narration on SCORES and its applicable circulars.
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Source: SecMarx — sebi:ORDER/AO/GR/KG/2019-20/3928. 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.