sebi:VKV/DL/AO-126/2016
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated 29.01.2016 disposed of; no violation of Section 15C found and no monetary penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Makan Agro Oils Ltd.
Holding
The Adjudicating Officer disposed of the proceedings initiated vide Show Cause Notice dated 29.01.2016, holding that the Noticee had not violated Section 15C of the SEBI Act, 1992 and was not liable for monetary penalty thereunder.
Full text
Adjudication Order against M/s Makan Agro Oils Ltd. March 29, 2016 Page 2 of 5 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 thirteen (13) investor complaint(s) were pending against the Noticee as on July 20, 2012.
Adjudication Order against M/s Makan Agro Oils Ltd. March 29, 2016 Page 3 of 5 6. The said SCN bearing No. SEBI-NRO/OW/AO/VKV/DL/97/2016 dated 29.01.2016 was sent at the last known address(s) at “B-10, RAJ NIWAS MARG, CIVIL LINES, DELHI 110054 DELHI” of the Noticee through Postal Department. However, Noticee did not submit any reply for the same.
Adjudication Order against M/s Makan Agro Oils 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-126/2016. 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.