sebi:VKV/DL/AO-167/2016

SEBI · SEBI · 2012-08-22 · Vijayant Kumar Verma, Adjudicating Officer

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Adjudication proceedings disposed of without penalty

Provisions invoked

• s. 15
• s. 15H
• s. 15I
• s. 15J
• s. 15C

Parties

• M/s Trident Projects 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 Show Cause Notice dated May 07, 2015 are disposed of.

Full text

Adjudication Order against M/s Trident Projects Ltd. March 31, 2016 Page 2 of 6 sent to the Noticee informing about the commencement of processing of investor complaints in a centralized web based complaints redress system SCORES in terms of the Circular and advising the Noticee to send the information (i.e. details for authentication) as required in the Circular, at the earliest. However, the same was undelivered.

Adjudication Order against M/s Trident Projects Ltd. March 31, 2016 Page 3 of 6 SHOW CAUSE NOTICE, REPLY AND HEARING 6. A Show Cause Notice (hereinafter referred to as “SCN”) was issued to the Noticee under Rule 4 of Adjudication Rules to show cause as to why an inquiry be not held against it in terms of Rule 4 of the Adjudication Rules read with section 15I of SEBI Act, 1992 and penalty be not imposed under section 15C of SEBI Act, 1992 for the violation alleged to have been committed by the Noticee.

Adjudication Order against M/s Trident Projects Ltd. March 31, 2016 Page 4 of 6 11. Considering the facts and circumstances of the case including the fact that, the undersigned is of the opinion that no prejudice would be caused to the Noticee in the given matter, if another opportunity of hearing under Rule 4 (3) of Adjudication Rules is not provided to it.

Source: SecMarx — sebi:VKV/DL/AO-167/2016. 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.