sebi:VKV/DL/AO-23/2016
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Facts / Headnote
Disposed of - adjudication proceedings cannot be proceeded with, no penalty imposed
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15C
- s. 446
- s. 391
Parties
- M/s Vermani Steel Strips Ltd
Holding
The adjudication proceedings initiated against M/s Vermani Steel Strips Ltd. vide SCN dated March 20, 2014 under Section 15C of the SEBI Act cannot be proceeded with and the matter is disposed of.
Full text
Adjudicating Order in respect of M/s Vermani Steel Strips Ltd February 09, 2016 Page 1 of 5 BEFORE THE ADJUDICATING OFFICER SECURITIES AND EXCHANGE BOARD OFINDIA ADJUDICATION ORDER NO.VKV/DL/AO-23/2016 UNDER SECTION15-I OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT,1992 READ WITH RULE 5 OF SEBI (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES BY ADJUDICATING OFFICER) RULES,1995 In respect of:
Adjudicating Order in respect of M/s Vermani Steel Strips Ltd February 09, 2016 Page 2 of 5 Circular and advising the Noticee to send the information (i.e. details for authentication) as required in the Circular, at the earliest. However, the letter sent returned undelivered.
Adjudicating Order in respect of M/s Vermani Steel Strips Ltd February 09, 2016 Page 3 of 5 7. The said bearing SCN No. SEBI-NRO/AO/VKV/SKG/865/2014 dated March 26, 2014 was sent at the registered office address(s) at “Village & Post Railmajra, Tesil: Balachaur, Dist: Nawanshahar, Punjab-144533” of the Noticee through Postal Department. But same was returned undelivered.
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Source: SecMarx — sebi:VKV/DL/AO-23/2016. 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.