sebi:ORDER/SMR/SB/2017-18/1283
Facts / Headnote
Penalty of Rs. 40,000 imposed under Section 15HB of SEBI Act
Provisions invoked
- s. 15
- s. 15H
Parties
- Rajshree Exports Limited
Holding
The Noticee failed to obtain SCORES authentication within the stipulated timeline, with compliance only on May 19, 2014 against the deadline of September 14, 2012, violating SEBI Circular dated April 17, 2013. A penalty of Rs. 40,000 under Section 15HB of the SEBI Act was imposed.
Full text
Page 2 of 6 Mahapatra was appointed as AO. Subsequent to his transfer, the undersigned was appointed as AO vide Order dated January 27, 2016.
Page 3 of 6 a. Whether the Noticee has failed to obtain SCORES authentication, thereby failed to comply with SEBI Circular No. CIR/OIAE/1/2013 dated April 17, 2013? b. Does the violation, if any, on the part of the Noticee attract monetary penalty under Section 15 HB of the SEBI Act? c. If so, what would be the monetary penalty that can be imposed taking into consideration the factors mentioned in Section 15 J of the SEBI Act?
Page 4 of 6 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).
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Source: SecMarx — sebi:ORDER/SMR/SB/2017-18/1283. 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.