sebi:VKV/DL/AO-152/2016
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated 29.01.2016 disposed of with 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 Punjab Iron & Steel Co. Ltd
Holding
The Adjudicating Officer held that the Noticee had not violated Section 15C of the SEBI Act, 1992 and disposed of the adjudication proceedings initiated vide Show Cause Notice dated 29.01.2016 with no monetary penalty.
Full text
Adjudication Order against M/s Punjab Iron & Steel Co. Ltd March 30, 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 twenty three (03) investor complaint(s) were pending against the Noticee as on July 20, 2012.
Adjudication Order against M/s Punjab Iron & Steel Co. Ltd March 30, 2016 Page 3 of 5 6. The said SCN bearing No. SEBI-NRO/OW/AO/VKV/DL/109/2016 dated 29.01.2016 was sent at the last known address(s) at “G.T.ROAD JALANDHAR CANTT 144010 PUNJAB” of the Noticee through Postal Department. However, Noticee did not submit any reply for the same.
Adjudication Order against M/s Punjab Iron & Steel Co. Ltd March 30, 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-152/2016. 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.