sebi:RA/DPS/274/2018
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Facts / Headnote
Violation of Section 15C and 15HB established ex-parte; penalty of Rs 5,00,000 imposed
Provisions invoked
- s. 15A
- s. 15J
- s. 15
- s. 15F
- s. 15C
Parties
- M/s Elegant Pharmaceuticals Ltd
Holding
The Noticee violated Sections 15C and 15HB of the SEBI Act by failing to file ATR under SCORES and failing to redress three investor complaints pending since 2013-2014, and is liable to a monetary penalty of Rs 5,00,000.
Full text
Adjudication Order in respect of M/s Elegant Pharmaceuticals Ltd Page 2 of 11 Clause 13: “Failure by listed companies and SEBI registered intermediaries to file ATR under SCORES within thirty days of date of receipt of the grievance shall not only be treated as failure to furnish information to SEBI but shall also be deemed to constitute non-redressal of investor grievance.”
Adjudication Order in respect of M/s Elegant Pharmaceuticals Ltd Page 3 of 11 to show cause as to why an inquiry should not be held against him and why penalty, if any, should not be imposed on the noticee for the alleged violation specified in the SCN.
Adjudication Order in respect of M/s Elegant Pharmaceuticals Ltd Page 4 of 11 section 15F, 15G, 15H and 15HA shall be and shall always be deemed to have been exercised under the provisions of this section.”
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Source: SecMarx — sebi:RA/DPS/274/2018. 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.