sebi:VKV/DL/AO-64/2015-16

SEBI · SEBI · 2011-06-03 · Vijayant Kumar Verma, Adjudicating Officer

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Facts / Headnote

Adjudication proceedings disposed of without imposition of penalty

Provisions invoked

• s. 15
• s. 15I
• s. 15J
• s. 15C

Parties

• M/s Shri Agarwal Duplex Board Mills Limited

Holding

The allegation that the Noticee failed to redress investor grievances was held not established, and the adjudication proceedings initiated vide Show Cause Notice dated April 20, 2015 were disposed of without imposing monetary penalty under Section 15C of the SEBI Act, 1992.

Full text

Adjudication Order in respect of M/s Agarwal Duplex Board Mills Limited January 12, 2016 Page 2 of 7 companies which were yet to obtain SCORES user id and password, were required to submit the details for authentication to SEBI, in the format annexed to the said Circular. However, it was observed that M/s Shri Agarwal Duplex Board Mills Limited (hereinafter referred to as "Noticee/the Company") did not submit the details to SEBI which were required to be furnished in terms of the said Circular.

Adjudication Order in respect of M/s Agarwal Duplex Board Mills Limited January 12, 2016 Page 3 of 7 1995 (hereinafter referred to as “Adjudicating Rules”) to enquire into and adjudge under section 15C of SEBI Act, 1992 for the alleged violations committed by the Noticee.

Adjudication Order in respect of M/s Agarwal Duplex Board Mills Limited January 12, 2016 Page 4 of 7 8. Subsequent to the appointment of the undersigned, In the interest of natural justice and in order to conduct an inquiry in terms of rule 4(3) of the Adjudication Rules, the Noticee was granted an opportunity of personal hearing Vide Hearing notice no: SEBI/NRO/AO/VKV/DL/2062/2015 dated December 08, 2015 at SEBI-NRO, New Delhi on December 18, 2015. The said Notice of hearing was duly served to the Noticee through the Department of Post.

Source: SecMarx — sebi:VKV/DL/AO-64/2015-16. 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.