sebi:VKV/DL/AO-06/2017
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Facts / Headnote
Adjudication proceedings initiated vide Show Cause Notice dated September 3, 2015 disposed of without penalty
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Rajinder Alloys Limited
Holding
The adjudication proceedings against M/s Rajinder Alloys Limited initiated vide SCN dated September 3, 2015 were disposed of without penalty. The allegation of failure to redress investor grievances under Section 15C of the SEBI Act, 1992 was held not established.
Full text
Adjudication Order in respect of M/s Rajinder Alloys Limited July 27, 2017 Page 2 of 5 id and password, listed companies which were yet to obtain SCORES user id and password, were required to submit the details for authentication to SEBI, in the format annexed to the said Circular. It was observed by SEBI that M/s Rajinder Alloys Limited (hereinafter referred to as "Noticee") had obtained SCORES authentication on February 8, 2013.
Adjudication Order in respect of M/s Rajinder Alloys Limited July 27, 2017 Page 3 of 5 Kanpur – 208001, Uttar Pradesh”. The said SCN was sent to the Noticee through the Department of Post. However, the Noticee did not submit any reply to the SCN issued.
Adjudication Order in respect of M/s Rajinder Alloys Limited July 27, 2017 Page 4 of 5 required to login to SCORES system electronically through a company specific user id and password, to be provided by SEBI. In this regard, I note that, SEBI - Lucknow Office has confirmed (data of SCORES is present on record) that Noticee had obtained details for authentication for SCORES user id & all four (04) pending investor complaint(s) alleged in the SCN stands closed as on date. It is also observed that the Noticee status is de-listed as per Scores database.
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Source: SecMarx — sebi:VKV/DL/AO-06/2017. 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.