sebi:Order/SS/VS/2019-20/6279

SEBI · SEBI · 2015-03-02 · Santosh Shukla, Adjudicating Officer

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Facts / Headnote

SCN dated March 02, 2015 disposed of without imposition of any monetary penalty

Provisions invoked

• s. 15A
• s. 15H
• s. 15I
• s. 15J
• s. 15C

Parties

• Harsh Polymers India Limited

Holding

The Noticee is not liable for penalty under section 15A(a) for failure to submit ATR on SCORES, and no monetary penalty is imposed for the alleged failure under section 15C; the SCN dated March 02, 2015 is disposed of.

Full text

__________________________________________________________________________________ Adjudication Order in respect of Harsh Polymers India Limited in the matter of SCORES

__________________________________________________________________________________ Adjudication Order in respect of Harsh Polymers India Limited in the matter of SCORES

Page 2 of 3 (File Ref No.: EAD-2/SS/VS/71/143/2019-20) 4. After receipt of records of these proceedings, it was noted that there is no progress in the proceedings after issuance of the notice to show cause no. ILO/AO/AS/6428/2015 dated March 02, 2015 (‘the SCN’) to the Noticee by the erstwhile AO in terms of rule 4(1) of the Adjudication Rules read with section 15I of the SEBI Act. It was also noted that the SCN was retuned undelivered from the addresses of the Noticee and there is no effort made for service of the SCN since March 13, 2015 when the SCN was returned undelivered. Thus, it was noted that SCN was not served upon the Noticee at all by way of any prescribed mode.

Source: SecMarx — sebi:Order/SS/VS/2019-20/6279. 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.