sebi:VKV/DL/AO-174/2016
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; Noticee held not liable under Section 15C
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Xerox Modi Corporation Ltd
Holding
The Adjudicating Officer held that M/s Xerox Modi Corporation Ltd had not violated Section 15C of the SEBI Act, 1992 and was not liable for monetary penalty thereunder, and disposed of the adjudication proceedings initiated vide Show Cause Notice dated 02.02.2016.
Full text
Adjudication Order against M/s Xerox Modi Corporation 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 Xerox Modi Corporation Ltd March 31, 2016 Page 3 of 6 SHOW CAUSE NOTICE, REPLY AND HEARING
Adjudication Order against M/s Xerox Modi Corporation Ltd March 31, 2016 Page 4 of 6 b) Whether the Noticee is liable for monetary penalty under Section 15C of the SEBI Act, 1992? c) What quantum of monetary penalty should be imposed on the Noticee taking into consideration the factors mentioned in Section 15J of the SEBI Act, 1992?
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:VKV/DL/AO-174/2016. 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.