sebi:VKV/DL/AO-155/2016
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated 02.02.2016 disposed of; Noticee held not to have violated Section 15C and no monetary penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Rathi Ispat Ltd
Holding
The Adjudicating Officer held that M/s Rathi Ispat Ltd had not violated Section 15C of the SEBI Act, 1992 and disposed of the adjudication proceedings initiated vide SCN dated 02.02.2016 without imposing any monetary penalty.
Full text
Adjudication Order against M/s Rathi Ispat Ltd March 31, 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 Rathi Ispat Ltd March 31, 2016 Page 3 of 5 6. The said SCN bearing No. SEBI-NRO/OW/AO/VKV/DL/217/2016 dated 02.02.2016 was sent at the last known address(s) at “B-110, Ist FLOOR, SOUTH GANESH NAGAR NEW DELHI - 110092” of the Noticee through Postal Department. However, Noticee did not submit any reply for the same.
Adjudication Order against M/s Rathi Ispat Ltd March 31, 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-155/2016. 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.