sebi:VKV/AS/AO-30/2018
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
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Evinix Industries Ltd.
Holding
The Noticee failed to redress pending investor grievances and failed to obtain SCORES authentication despite being called upon by SEBI, and is therefore liable for a monetary penalty of Rs. 3,00,000/- under Sections 15C and 15HB of the SEBI Act, 1992.
Full text
Adjudication order in respect of M/s Evinix Industries Ltd. February 21, 2018 Page 2 of 6 against M/s Evinix Industries Ltd. (hereinafter referred to as ‘Noticee/the Company’) on the date of SCN. It was also alleged that the Noticee failed to redress pending investor grievances and also failed to obtain SCORES authentication in spite of being called upon by SEBI to do so thereby violating the provisions of Section 15C and 15HB of the SEBI Act, 1992.
Adjudication order in respect of M/s Evinix Industries Ltd. February 21, 2018 Page 3 of 6 Consideration of Issues and Findings:
Adjudication order in respect of M/s Evinix Industries Ltd. February 21, 2018 Page 4 of 6 has admitted the charges alleged in the SCN.
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Source: SecMarx — sebi:VKV/AS/AO-30/2018. 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.