sebi:Order/PM/NK/2019-20/3769
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Facts / Headnote
Show Cause Notice No. AO/AN/SCN/5601/2016 dated February 26, 2016 disposed without imposing any penalty
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Parties
- Lexicon Commercial Enterprises Limited
Holding
The alleged failure by Lexicon Commercial Enterprises Limited to obtain SCORES authentication in violation of SEBI Circular No. CIR/OIAE/1/2013 dated April 17, 2013 was not established, and the Show Cause Notice dated February 26, 2016 was disposed without imposing any penalty under Section 15HB of the SEBI Act, 1992.
Full text
Page 2 of 5 3. It was, therefore, alleged that the Noticee’s failure to obtain SCORES authentication within the time specified by the Board, despite being called upon to do so, makes the Noticee liable for penalty under section 15 HB of SEBI Act, 1992. APPOINTMENT OF ADJUDICATING OFFICER
Page 3 of 5 hearing was granted on January 23, 2018 vide letter dated December 28, 2017. The Authorised Representatives of the Noticee appeared for the personal hearing and reiterated the submissions of letter dated March 15, 2016. The Authorised Representatives of the Noticee requested time for submitting additional documents in the matter which was acceded to. The Noticee submitted additional reply vide letter dated January 25, 2018 which is taken on record.
Page 4 of 5 c) If so, what would be the monetary penalty that can be imposed duly taking into account the factors mentioned in Section 15J of SEBI Act?
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Source: SecMarx — sebi:Order/PM/NK/2019-20/3769. 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.