sebi:VKV/AS/AO-49/2018
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Facts / Headnote
Adjudication proceedings disposed without monetary penalty
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Rasik Plast Ltd.
Holding
The adjudication proceedings against M/s Rasik Plast Ltd. were disposed without penalty as the allegations of failure to resolve investor grievances and obtain SCORES authentication were held not established.
Full text
Adjudication Order against M/s Rasik Plast Ltd. March 21, 2018 Page 2 of 4 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 Rasik Plast Ltd. March 21, 2018 Page 3 of 4 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 Rasik Plast Ltd. March 21, 2018 Page 4 of 4 shall be1 [liable to a penalty which shall not be less than one lakh rupees but which may extend to one crore rupees.”
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Source: SecMarx — sebi:VKV/AS/AO-49/2018. 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.