sebi:VKV/DL/AO-06/2015-16
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Facts / Headnote
Adjudicating proceedings disposed of without penalty
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15C
Parties
- Shree Industries Ltd.
Holding
The adjudication proceedings against Shree Industries Ltd. initiated vide SCN dated December 18, 2015 were disposed of without penalty. The allegation of violation of Section 15C of the SEBI Act, 1992 was held not tenable.
Full text
Adjudicating Order in respect of Shree Industries Ltd. February 03, 2016 Page 2 of 5 on November 22, 2011 followed by one more letter a letter dated January 11, 2012 informing about the commencement of processing of investor complaints in a centralized web based complaints redress system SCORES in terms of the Circular and advising the Noticee to send the information (i.e. details for authentication) as required in the Circular, at the earliest. Both the above mentioned letters returned undelivered.
Adjudicating Order in respect of Shree Industries Ltd. February 03, 2016 Page 3 of 5 not imposed under section 15C of SEBI Act, 1992 for the violation alleged to have been committed by the Noticee.
Adjudicating Order in respect of Shree Industries Ltd. February 03, 2016 Page 4 of 5 ISSUE 1: Whether the Noticee has violated the provisions of Section 15C of SEBI Act, 1992?
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Source: SecMarx — sebi:VKV/DL/AO-06/2015-16. 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.