sebi:VKV/AS/AO-43/2018
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Facts / Headnote
Adjudication proceedings disposed of without penalty
Provisions invoked
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Proline Software and Finance Ltd.
Holding
The adjudication proceedings initiated against M/s Proline Software and Finance Ltd. vide Show Cause Notice dated July 27, 2017 for failure to obtain SCORES authentication and resolve investor grievance were disposed of with no violation established and no penalty imposed.
Full text
Adjudication order in respect of M/s Proline Software and Finance Ltd. March 14, 2018 Page 2 of 3 Show Cause Notice, Reply and Personal Hearing
Adjudication order in respect of M/s Proline Software and Finance Ltd. March 14, 2018 Page 3 of 3 Consideration of Issues and Findings:
3. A Show Cause Notice (hereinafter referred to as “SCN”) was issued to the Noticee under Rule 4 of Adjudication Rules to show cause as to why an inquiry be not held against it in terms of Rule 4 of the Adjudication Rules read with section 15I of SEBI Act, 1992 and
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Source: SecMarx — sebi:VKV/AS/AO-43/2018. 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.