sebi:VKV/DL/AO-157/2016
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Facts / Headnote
Adjudication proceedings disposed of without penalty
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Rishabh Agro Industries Ltd
Holding
The adjudication proceedings against M/s Rishabh Agro Industries Ltd under Section 15C of the SEBI Act, 1992 were disposed of without penalty, holding that violation of Section 15C was not established.
Full text
Adjudication Order against M/s Rishabh Agro Industries 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 two (02) investor complaint(s) were pending against the Noticee as on July 20, 2012.
Adjudication Order against M/s Rishabh Agro Industries Ltd March 31, 2016 Page 3 of 5 7. The said SCN bearing No. SEBI-NRO/OW/AO/VKV/DL/119/2016 dated 29.01.2016 was sent at the last known address(s) at “8C/4, ABDUL AZIZ ROAD W.E.A., KAROL BAGH, NEW DELHI 110005” of the Noticee through Postal Department. However, Noticee did not submit any reply for the same.
Adjudication Order against M/s Rishabh Agro Industries 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-157/2016. 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.