sebi:Order/GR/RK/2020-21/9662

SEBI · SEBI · 2019-06-12 · G Ramar, Adjudicating Officer

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Facts / Headnote

Penalty imposed

Provisions invoked

Parties

Holding

Shreeji Industries Limited was held liable for failing to obtain SCORES authentication and for failing to redress a pending investor grievance within the stipulated timeline. A total penalty of Rs. 2,00,000 was imposed, comprising Rs. 1,00,000 under Section 15HB and Rs. 1,00,000 under Section 15C of the SEBI Act.

Full text

Adjudication Order in respect of Shreeji Industries Limited Page 2 of 8 APPOINTMENT OF ADJUDICATING OFFICER 3. The undersigned was appointed as the Adjudicating Officer (‘AO’) vide order dated June 12, 2019, under Section 19 read with Section 15-I of Securities and Exchange Board of India, 1992 (hereinafter, “SEBI Act”) and under Rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 (hereinafter, Rules) to enquire into and adjudge under Section 15HB and Section 15C of the SEBI Act, for the aforementioned alleged violations by the Noticee. Earlier, the case was assigned to Shri Sudeep Mishra and Shri Achal Singh. I therefore proceed in the matter from where it had been left by the previous Adjudicating Officer.

Adjudication Order in respect of Shreeji Industries Limited Page 3 of 8 6. Considering the fact that the Noticee has not availed the opportunity of personal hearing despite being granted opportunities for the same, I am of the view that the Noticee has nothing more to submit, and in terms of rule 4(7) of the Rules, the matter can be proceeded ex-parte on the basis of material available on record. ISSUES FOR CONSIDERATION AND FINDINGS

Adjudication Order in respect of Shreeji Industries Limited Page 4 of 8 CIR/OIAE/2/2011 dated June 03, 2011 which also provided the format in its annexure, for listed companies to provide information to the former to obtain authentication.

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Source: SecMarx — sebi:Order/GR/RK/2020-21/9662. 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.