sebi:PJ/VP/19/2016
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Facts / Headnote
Penalty of Rs.1,00,000 imposed under Section 15HB for failure to obtain SCORES authentication; charge of failure to redress investor complaint under Section 15C dropped
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15C
Parties
- M/s Rishab Concast Limited
Holding
The Noticee violated SEBI Circular No. CIR/OIAE/1/2012 by failing to obtain SCORES authentication and is liable to Rs.1,00,000 penalty under Section 15HB, but is absolved of the charge of failing to redress one investor complaint under Section 15C.
Full text
Adjudication Order in respect ofM/s Rishab Concast LimitedPage 2 of 10 terms of SEBICircular No. CIR/OIAE/1/2012 dated August 13, 2012. The same was also communicated to the Noticee by SEBI vide its letter Ref. No. OIAE-1/MG/366/2015dated 05.01.2015. (Inadvertently mentioned as dated 18.11.2014 in the Show Cause Notice).
Adjudication Order in respect ofM/s Rishab Concast LimitedPage 3 of 10 prescribed time.The SCN was sent by Hand Delivery, however, it was returned undelivered with a remark “Address Incomplete”.
Adjudication Order in respect ofM/s Rishab Concast LimitedPage 4 of 10 CONSIDERATION OF ISSUES 7. I have carefully perused the documents available on record. It is observed that the allegation against the Noticee is that they have failed to obtain SCORES authentication and had non-redressed 1(one) investor complaint.
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Source: SecMarx — sebi:PJ/VP/19/2016. 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.