sebi:VKV/AS/AO-14/2018
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Facts / Headnote
Liability established; penalty of Rs 3,00,000 imposed under Sections 15C and 15HB
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Shree Industries Ltd.
Holding
The Noticee failed to obtain SCORES authentication and to resolve 5 pending investor grievances in violation of SEBI Circular dated April 17, 2013, and was held liable under Sections 15C and 15HB of the SEBI Act, 1992 with a monetary penalty of Rs 3,00,000 imposed.
Full text
Adjudication Order against M/s Shree Industries Ltd. February 6, 2018 Page 2 of 6 APPOINTMENT OF ADJUDICATING OFFICER 4. The undersigned was appointed as Adjudicating Officer, vide order dated February 13, 2015, under section 15-I of SEBI Act and rule 3 of SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995 (hereinafter referred to as “Adjudication Rules”) to enquire into and adjudge under section 15C and 15HB of Securities and Exchange Board of India, Act, 1992 (hereinafter referred to as "SEBI Act, 1992”) for the alleged violations committed by the Noticee.
Adjudication Order against M/s Shree Industries Ltd. February 6, 2018 Page 3 of 6 c) What quantum of monetary penalty should be imposed on the Noticee taking into consideration the factors mentioned in Section 15J of the SEBI Act, 1992?
Adjudication Order against M/s Shree Industries Ltd. February 6, 2018 Page 4 of 6 pending against it as alleged in the SCN.
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Source: SecMarx — sebi:VKV/AS/AO-14/2018. 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.