sebi:VKV/DL/AO-113/2016
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Facts / Headnote
Adjudication proceedings initiated vide Show Cause Notice dated 02.02.2016 disposed of without penalty; violation of Section 15C not established
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Indo Britain Agro Farms Ltd
Holding
The Noticee had not violated Section 15C of the SEBI Act, 1992 and was not liable for monetary penalty under Section 15C, so the adjudication proceedings were disposed of without penalty.
Full text
Adjudication Order against M/s Indo Britain Agro Farms Ltd March 29, 2016 Page 2 of 5 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 six (06) investor complaint(s) were pending against the Noticee as on July 20, 2012.
Adjudication Order against M/s Indo Britain Agro Farms Ltd March 29, 2016 Page 3 of 5 was sent at the last known address(s) at “1646, JYOTIPUR HISSAR HARYANA 125001.” of the Noticee through Postal Department. However, Noticee did not submit any reply for the same.
Adjudication Order against M/s Indo Britain Agro Farms 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-113/2016. 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.