sebi:VKV/DL/AO-156/2016
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Facts / Headnote
Adjudication proceedings initiated vide SCN dated 02.02.2016 disposed of without penalty; Noticee held not liable under Section 15C
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Rishab Food Products Ltd
Holding
The Noticee has not violated Section 15C of the SEBI Act, 1992 and is not liable for monetary penalty under Section 15C. The adjudication proceedings initiated vide SCN dated 02.02.2016 are disposed of.
Full text
Adjudication Order against M/s Rishab Food Products Ltd March 31, 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 four (04) investor complaint(s) were pending against the Noticee as on July 20, 2012.
Adjudication Order against M/s Rishab Food Products Ltd March 31, 2016 Page 3 of 5 6. The said SCN bearing No. SEBI-NRO/OW/AO/VKV/DL/224/2016 dated 02.02.2016 was sent at the last known address(s) at “VILLAGE PALLA,TEHSIL NUH, DISTT.GURGAON (HARYANA)” of the Noticee through Postal Department. However, Noticee did not submit any reply for the same.
Adjudication Order against M/s Rishab Food Products 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-156/2016. 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.