sebi:Order/AA/JR/2020-21/9091
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Facts / Headnote
Penalty of ₹1,00,000 imposed on the Noticee under Sections 15C and 15HB of the SEBI Act
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 28A
- s. 15C
- s. 15I(1)
Parties
- Malvica Engineering Limited
Holding
The Noticee violated SEBI Circulars CIR/OIAE/2/2011, CIR/OIAE/1/2012 and CIR/OIAE/1/2013 by failing to obtain SCORES authentication and redress investor grievances, and a penalty of ₹1,00,000 was imposed under Sections 15C and 15HB of the SEBI Act.
Full text
In the matter of Malvica Engineering Limited Page 2 of 9 15C and 15HB of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as "SEBI Act") against the Noticee.
In the matter of Malvica Engineering Limited Page 3 of 9 c) Therefore, it is alleged that the Noticee has failed to provide details for creation of user account on SCORES and redress the pending investor grievances within time specified by the Board. The Noticee was advised to file its reply if any, within 14 days of receipt of the SCN. It is alleged that the Noticee has failed to provide the same.
In the matter of Malvica Engineering Limited Page 4 of 9 (a) Whether the Noticee violated the provisions of the SEBI Circular No.
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Source: SecMarx — sebi:Order/AA/JR/2020-21/9091. 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.