sebi:VKV/DL/AO-100/2016
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Facts / Headnote
Adjudicating proceedings initiated vide Show Cause Notice dated 02.02.2016 disposed of without penalty; Noticee held not liable under Section 15C
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Fine Agromatics Ltd.
Holding
The Noticee was held not to have violated Section 15C of the SEBI Act, 1992 and not liable for monetary penalty thereunder, and the adjudication proceedings initiated vide SCN dated 02.02.2016 were disposed of.
Full text
Adjudication Order against M/s Fine Agromatics Ltd. March 28, 2016 Page 2 of 6 complaint against a company was uploaded by SEBI in the SCORES, it amounted to calling upon by SEBI to such company to redress the investor grievance. Accordingly, it was incumbent upon such company to redress the investor complaint. It was observed that four (04) investor complaint(s) were pending against the Noticee.
Adjudication Order against M/s Fine Agromatics Ltd. March 28, 2016 Page 3 of 6 6. The said SCN bearing No. SEBI-NRO/OW/AO/VKV/DL/160/2016 dated 02.02.2016 was sent at the last known address(s) at “G.T. ROAD, DINA NAGAR, PUNJAB-143531”of the Noticee through Postal Department. However, Noticee did not submit any reply from the same.
Adjudication Order against M/s Fine Agromatics Ltd. March 28, 2016 Page 4 of 6 FINDINGS 10. On perusal of the material available on record and giving regard to the facts and circumstances of the case, I record my findings hereunder.
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Source: SecMarx — sebi:VKV/DL/AO-100/2016. 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.