sebi:VKV/DL/AO-111/2016
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Facts / Headnote
Adjudication proceedings disposed without penalty
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Hoffland Investments Ltd.
Holding
The Noticee did not violate Section 15C of the SEBI Act, 1992 and is not liable for monetary penalty under that section. The adjudication proceedings initiated vide Show Cause Notice dated 29.01.2016 were disposed of.
Full text
Adjudication Order against M/s Hoffland Investments Ltd. March 29, 2016 Page 2 of 5 of the complaints of the investors, by the respective companies. Thus, once a 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 nine (09) investor complaint(s) were pending against the Noticee as on July 20, 2012.
Adjudication Order against M/s Hoffland Investments Ltd. March 29, 2016 Page 3 of 5 6. The said SCN bearing No. SEBI-NRO/OW/AO/VKV/DL/95/2016 dated 29.01.2016 was sent at the last known address(s) at “501, ARUNACHAL BUILDING 19, BARAKHAMBA ROAD CONNAUGHT PLACE NEW DELHI 110001” of the Noticee through Postal Department. However, Noticee did not submit any reply for the same.
Adjudication Order against M/s Hoffland Investments Ltd. March 29, 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-111/2016. 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.