sebi:ORDER/MS/CM/2017-18/1712
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty of Rs.3,00,000 imposed under Section 15HB of SEBI Act
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Parties
- T C I Bhoruka Projects Ltd.
Holding
The Noticee, T C I Bhoruka Projects Ltd., failed to obtain SCORES authentication as a listed company in violation of SEBI circulars, and a penalty of Rs.3,00,000 under Section 15HB of the SEBI Act was imposed.
Full text
2 | P a g e compliance by the Noticee. Pursuant to her transfer, Shri P. Mahapatra was appointed as AO. Subsequent to his transfer, the undersigned was appointed as AO vide order dated January 27,
3 | P a g e CONSIDERATION OF ISSUE AND FINDINGS 7. I proceed ahead to record my findings in the matter on the basis of the material available on records and the issues that arise for consideration in the present case are:
4 | P a g e If any listed company or any person who is registered as an intermediary, after having been called upon by the Board in writing, to redress the grievances of investors, fails to redress such grievances within the time specified by the Board, such company or intermediary shall be liable to a penalty which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees (emphasis supplied).
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:ORDER/MS/CM/2017-18/1712. 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.