sebi:ORDER/SR/CM/2017-18/1095
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Facts / Headnote
Adjudication proceedings disposed of without penalty
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Holding
The adjudication proceedings initiated against the Noticee vide Show Cause Notice dated February 03, 2015 were disposed of. The Noticee, being a delisted/unlisted company, was not required to obtain SCORES authentication.
Full text
Page 2 of 4 ORDER/SR/CM/2017-18/1095 order dated December 09, 2014 and then to Mr. P. Mahapatra vide order dated June 22, 2015 and thereafter the undersigned was appointed as AO vide Order dated January 27,
Page 3 of 4 ORDER/SR/CM/2017-18/1095 8. SEBI commenced its web based investor grievance redressal portal, SCORES, in June 2011 to enhance investor protection. Investors can lodge their complaint against listed companies in ‘on-line’ or in physical mode and monitor its status on 24 X 7 basis. Complaints received by SEBI / in SCORES are electronically forwarded to the listed company / its Share Transfer Agent (hereinafter, STA), which in turn is required to redress the same and furnish the Action Taken Report (hereinafter, ATR) in electronically form. However, as a prerequisite to access SCORES portal, listed companies have to obtain user ID and login password from SEBI by providing structured information to the latter (hereinafter, SCORES authentication). The foregoing was spelt out in the SEBI Circular No. CIR/OIAE/2/2011 dated June 03, 2011 which also provided the format for listed companies to provide information for obtaining authentication.
Page 4 of 4 ORDER/SR/CM/2017-18/1095 Obligations and Disclosure Requirements) Regulations, 2015, notified on September 02, 2015 and came into force 90 days thereafter, subsumed the September 2012 circular.
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Source: SecMarx — sebi:ORDER/SR/CM/2017-18/1095. 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.