sebi:VKV/DL/AO-43/2016
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Facts / Headnote
Adjudication proceedings cannot be proceeded with; matter disposed of
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15C
- s. 446
- s. 391
Parties
- M/s Sakura Seimitsu India Limited
Holding
The adjudication proceedings initiated against the Noticee vide SCN dated February 02, 2016 cannot be proceeded with and the matter is accordingly disposed of.
Full text
Adjudicating Order in respect of M/s Sakura Seimitsu India Limited February 16, 2016 Page 2 of 5 against a company was uploaded by SEBI in the SCORES, it amounted to 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 one (01) investor complaint(s) were pending against the Noticee as on July 20, 2012.
Adjudicating Order in respect of M/s Sakura Seimitsu India Limited February 16, 2016 Page 3 of 5 6. The said bearing SCN No. SEBI/NRO/AO/VKV/DL/228/2016 dated February 02, 2016 was sent at the office address(s) of the Noticee through Postal Department. Noticee failed to submit any reply to the SCN.
Adjudicating Order in respect of M/s Sakura Seimitsu India Limited February 16, 2016 Page 4 of 5 "Section 446 of the Companies Act, 1956
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Source: SecMarx — sebi:VKV/DL/AO-43/2016. 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.