sebi:ORDER/BD/VS/2019-20/4625
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Facts / Headnote
Penalty of Rs. 1,00,000 imposed on M/s Kedia Industries Limited under Section 15HB of the SEBI Act, 1992
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 28A
Parties
- M/s Kedia Industries Limited
Holding
The Noticee violated Circular No. CIR/OIAE/1/2013 dated April 17, 2013 by failing to obtain SCORES authentication within 30 days and is liable for monetary penalty under Section 15HB of the SEBI Act, 1992.
Full text
Adjudication Order in respect of M/s Kedia Industries Limited Page 2 of 11 Noticee liable for imposition of penalty under Section 15HB of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “SEBI Act, 1992”).
Adjudication Order in respect of M/s Kedia Industries Limited Page 3 of 11 Please note m/s Kedia Industries Limited is non functionalsice 1992-93 and Decativated / Suspended since then however even after this status if you suggest that we should get the scores, we shall then apply. Please inform in detail what is to be done as we do not have any machinery for day to day activity. ….”
Adjudication Order in respect of M/s Kedia Industries Limited Page 4 of 11 informed to Ms. Sukhanya Banerjee on 10th September, 2018..” Further the Noticee failed to appear before the AO on the date of hearing.
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Source: SecMarx — sebi:ORDER/BD/VS/2019-20/4625. 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.