sebi:VKV/DL/AO-178/2016
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Facts / Headnote
Adjudicating proceedings disposed of; no violation found, no penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15C
Parties
- Hariparvat Merryland & Resorts Ltd
Holding
The Noticee did not violate Section 15C of the SEBI Act, 1992, and is not liable for any monetary penalty, because the statutory precondition of being 'called upon by the Board in writing' to redress grievances was not fulfilled when the Noticee failed to obtain SCORES authentication.
Full text
Adjudication Order in respect of Hariparvat Merryland & Resorts Ltd March 31, 2016 Page 2 of 6 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 01 (one) investor complaint(s) was pending against the Noticee as on July 20, 2012.
Adjudication Order in respect of Hariparvat Merryland & Resorts Ltd March 31, 2016 Page 3 of 6 NEW DELHI-110055.” of the Noticee through Postal Department which was duly served upon the Noticee. However, Noticee did not submit any reply in response to the SCN issued.
Adjudication Order in respect of Hariparvat Merryland & Resorts Ltd March 31, 2016 Page 4 of 6 FINDINGS 11. On perusal of the material available on record and giving regard to the facts and circumstances of the case, I record my findings hereunder.
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Source: SecMarx — sebi:VKV/DL/AO-178/2016. 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.