sebi:VKV/DL/AO-63/2015-16
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Facts / Headnote
Adjudication proceedings disposed without penalty
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15C
- s. 279
Parties
- M/s Asian Closures Limited (Formerly known as Asian Consolidated Industries Ltd.)
Holding
The adjudication proceedings initiated vide SCN dated March 23, 2015 were disposed without imposing monetary penalty under Section 15C of the SEBI Act, 1992, as the allegation of failure to redress investor grievances was held not established.
Full text
Adjudication Order against M/s Asian Closures Limited (Formerly known as Asian Consolidated Industries Ltd.) January 05, 2016 Page 2 of 9
Adjudication Order against M/s Asian Closures Limited (Formerly known as Asian Consolidated Industries Ltd.) January 05, 2016 Page 3 of 9
Adjudication Order against M/s Asian Closures Limited (Formerly known as Asian Consolidated Industries Ltd.) January 05, 2016 Page 4 of 9
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Source: SecMarx — sebi:VKV/DL/AO-63/2015-16. 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.