sebi:VKV/AS/AO-21/2018
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on the Noticee
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Shilpax Laboratories Ltd.
Holding
The Noticee, M/s Shilpax Laboratories Ltd., failed to resolve investor grievances and obtain SCORES authentication as required by SEBI Circulars, and is liable for a monetary penalty of Rs. 2,00,000/- under Sections 15C and 15HB of the SEBI Act, 1992.
Full text
Adjudication Order against M/s Shilpax Laboratories Ltd. February 13, 2018 Page 2 of 6 APPOINTMENT OF ADJUDICATING OFFICER
Adjudication Order against M/s Shilpax Laboratories Ltd. February 13, 2018 Page 3 of 6 b) Whether the Noticee is liable for monetary penalty under Section 15C and 15HB of the SEBI Act, 1992? 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 Shilpax Laboratories Ltd. February 13, 2018 Page 4 of 6 its sanctity has to be maintained by all the listed companies…….” Therefore, I hold that the Noticee has failed in its duty by not taking SCORES authentication and not resolving the investor grievances pending against it as alleged in the SCN.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:VKV/AS/AO-21/2018. 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.