sebi:Order/KS/VB/2019-20/3781
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Facts / Headnote
Penalty imposed on the Noticee
Provisions invoked
- s. 15
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Parties
- Fuji India Ltd
Holding
The Noticee, Fuji India Ltd, violated SEBI circular No. CIR/OIAE/1/2013 dated April 17, 2013 by failing to obtain SCORES user ID and password within the prescribed time, and a penalty of Rs. 1,00,000/- was imposed under Section 15HB of the SEBI Act.
Full text
Page 2 of 10 APPOINTMENT OF ADJUDICATING OFFICER 3. Shri Amar Navlani was appointed as the Adjudicating Officer, vide order dated April 10, 2014 and communique dated May 07, 2014 under section 15-I(1) and (2) of SEBI Act and rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as "Adjudication Rules") to inquire into and adjudge under section 15HB of SEBI Act for the alleged violations of the provisions of SEBI circulars No. CIR/OIAE/1/2013 dated April 17, 2013 by the Noticee. Subsequently, the proceedings were transferred to the undersigned, which was intimated vide communique dated June 07, 2019.
Page 3 of 10 E-mail dated December 07,2017 has inter alia submitted the following reply to the erstwhile AO This is a request letter for transfer the hearing matter to SEBI (ERO), Kolkata Office with adjournment of Date. This is to inform you that our company is a very tiny company as also based & situated in Kolkata, West Bengal. This is also to inform that our company is registered in Calcutta Stock Exchange and ROC, Kolkata. We have our company's registered office at Kolkata only. As a matter of fact, it is very cumbersome task to attend this or any hearing to Mumbai all the way from Kolkata and also it involves lot of monetary expenses such as traveling, food & Lodging. In respect to this, we hereby request you to please refer and transfer our hearing matter to SEBI (ERO), Kolkata office at L & T Chambers, Camac Street and provide us with a deferred date and allow us to attend the hearing on that new date in Kolkata only. We also like to inform you, though it is long due, but we have already started the necessary work to obtain the SCORES Authentication and we will get the form and other documents ready at the earliest and will submit the same directly to the authority.
Page 4 of 10 allotted to us against our application on 'FORM A' by Investors Grievances Redressal Division - (OIAE) vide an e-mail from OIAEscores@sebi.gov.in dated December 28, 2017. A copy of the said mail is being attached herewith for your ready reference. Further to above, we like to mention that, in our letter dated December 11, 2017, we had requested you not only to adjourn the hearing date on a deferred date but also prayed to refer and transfer the hearing to the SEBI (ERO), Kolkata Office which is situated at Camac Street, Kolkata - 700 017. This is not out of track to mention here again that our company is a very tiny company based & situated in Kolkata, West Bengal. We have our company's registered office here at Kolkata only and as a matter of fact, it is very cumbersome task to attend this or any hearing to Mumbai all the way from Kolkata and also it involves lot of monetary expenses such as traveling, food & Lodging etc.
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Source: SecMarx — sebi:Order/KS/VB/2019-20/3781. 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.