sebi:PJ/VP/32/2017
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Facts / Headnote
Violation established ex-parte; monetary penalty imposed
Provisions invoked
- s. 15A
- s. 15
- s. 19
- s. 11(1)
- s. 15I
- s. 15J
- s. 15C
Parties
- Meuse Kara & Sungrace Mafatlal Limited
Holding
The Noticee violated the SEBI SCORES Circulars by failing to resolve 1 investor complaint within the specified 30 days and failing to file the ATR in SCORES, attracting liability under Section 15C and Section 15A(a) of the SEBI Act. A total monetary penalty of Rs 2,00,000 (Rs 1,00,000 under Section 15C and Rs 1,00,000 under Section 15A(a)) was imposed on Meuse Kara & Sungrace Mafatlal Limited.
Full text
Adjudication Order in respect of Meuse Kara &Sungrace Mafatlal Limited Page 2 of 16 Noticee”)had failed to redress one investor grievance within the prescribed time that is within 30 days.
Adjudication Order in respect of Meuse Kara &Sungrace Mafatlal Limited Page 3 of 16 inquire into and adjudge under Section 15C and 15 A(a)of the SEBI Act, the alleged violations of the provisions of the Circulars.
Adjudication Order in respect of Meuse Kara &Sungrace Mafatlal Limited Page 4 of 16 through affixture was affixed at KurlaKalina Road, Kalina Motor Compound, Near Air India Colony, Kalina, Mumbai- 400098. The Noticee did not appear for the hearing granted on 21.11.2016.
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Source: SecMarx — sebi:PJ/VP/32/2017. 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.