sebi:VKV/AS/AO-50/2018
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Facts / Headnote
Penalty imposed on the Noticee for failure to redress investor grievances
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Genomics Biotech Ltd.
Holding
The Noticee, M/s Genomics Biotech Ltd., failed to obtain SCORES authentication and failed to resolve 02 pending investor grievances, thereby violating 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 Genomics Biotech Ltd. March 26, 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 Genomics Biotech Ltd. March 26, 2018 Page 3 of 6 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 Genomics Biotech Ltd. March 26, 2018 Page 4 of 6 pending against it as alleged in the SCN.
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Source: SecMarx — sebi:VKV/AS/AO-50/2018. 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.