sebi:ORDER/SS/SK/2019-20/4989
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Facts / Headnote
Monetary penalty of Rs. 1,00,000 imposed on the Noticee under Section 15C of the SEBI Act; charge under Section 15A(a) not sustained
Provisions invoked
- s. 15A
- s. 11(1)
- s. 15H
- s. 15I
- s. 15J
- s. 15
- s. 15F
- s. 28A
- s. 15C
Parties
- Dynachem Pharmaceuticals (Exports) Ltd.
Holding
The Noticee was held liable for failing to redress investors' grievances within the time specified by SEBI, in violation of Section 15C of the SEBI Act, and a penalty of Rs. 1,00,000 was imposed. The charge under Section 15A(a) for failure to submit ATR on SCORES was not sustained, as the circulars were issued under Section 11(1) and do not fall within the contours of Section 15A(a).
Full text
_______________________________________________________________________________ Adjudication Order in the matter of Dynachem Pharmaceuticals (Exports) Ltd. Page 2 of 6 (File Ref No.: EAD-2/SS/SK/48/94/2019-20)
_______________________________________________________________________________ Adjudication Order in the matter of Dynachem Pharmaceuticals (Exports) Ltd. Page 3 of 6 (File Ref No.: EAD-2/SS/SK/48/94/2019-20)
_______________________________________________________________________________ Adjudication Order in the matter of Dynachem Pharmaceuticals (Exports) Ltd. Page 4 of 6 (File Ref No.: EAD-2/SS/SK/48/94/2019-20)
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Source: SecMarx — sebi:ORDER/SS/SK/2019-20/4989. 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.