sebi:VKV/DL/AO-188/2016
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 initiated vide SCN dated March 26, 2014 disposed of; no violation of Section 15C found; no monetary penalty imposed
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15C
Parties
- S. Kumars Infrastructure Ltd
Holding
The Noticee had not violated Section 15C of the SEBI Act, 1992 and was not liable for monetary penalty thereunder, so the adjudication proceedings were disposed of without penalty.
Full text
Adjudication Order in respect of S. Kumars Infrastructure Ltd April 04, 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 02 (two) investor complaint(s) was pending against the Noticee as on July 22, 2012.
Adjudication Order in respect of S. Kumars Infrastructure Ltd April 04, 2016 Page 3 of 5 INDUSTRY ,BARWALA ROAD, DERA BASSI , MOHALI , PUNJAB 140507” of the Noticee through Postal Department. However, same was undelivered.
Adjudication Order in respect of S. Kumars Infrastructure Ltd April 04, 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-188/2016. 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.