sebi:VKV/AS/AO-17/2018

SEBI · SEBI · 2015-02-13 · Vijayant Kumar Verma, Adjudicating Officer

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Facts / Headnote

Penalty of Rs. 2,00,000 imposed on M/s Mini Soft Ltd. under Sections 15C and 15HB of the SEBI Act, 1992

Provisions invoked

• s. 15
• s. 15I
• s. 15J
• s. 15C

Parties

• M/s Mini Soft Ltd.

Holding

The Noticee failed to obtain SCORES authentication and failed to resolve 03 pending investor grievances in violation of SEBI Circular No. CIR/OIAE/1/2013 dated April 17, 2013. A monetary penalty of Rs. 2,00,000 under Sections 15C and 15HB of the SEBI Act, 1992 was imposed on M/s Mini Soft Ltd.

Full text

Adjudication Order against M/s Mini Soft Ltd. February 9, 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 Mini Soft Ltd. February 9, 2018 Page 3 of 6 10. On perusal of the material available on record and giving regard to the facts and circumstances of the case, I record my findings hereunder.

Adjudication Order against M/s Mini Soft Ltd. February 9, 2018 Page 4 of 6 ISSUE 2: Whether the Noticee is liable for monetary penalty under Section 15C and 15HB of the SEBI Act, 1992?

Source: SecMarx — sebi:VKV/AS/AO-17/2018. 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.