sebi:VKV/DL/AO-69/2016
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Facts / Headnote
Adjudicating proceedings disposed without penalty
Provisions invoked
- s. 15
- s. 15I
- s. 15J
- s. 15C
Parties
- M/s Rampur Fertilizers Ltd.
Holding
The adjudicating proceedings against M/s Rampur Fertilizers Ltd. were disposed without imposing monetary penalty under Section 15C of the SEBI Act, 1992 because failure to redress investor grievances was not established.
Full text
Adjudication Order against M/s Rampur Fertilizers Ltd. March 17, 2016 Page 2 of 5 a complaint 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.
Adjudication Order against M/s Rampur Fertilizers Ltd. March 17, 2016 Page 3 of 5 6. The said SCN No. SEBI-NRO/AO/VKV/DL/239/2016 dated February 02, 2016 was sent at the last known address (s) at “Judges Road, Rampur, Uttar Pradesh-244901” of the Noticee through Postal Department.
Adjudication Order against M/s Rampur Fertilizers Ltd. March 17, 2016 Page 4 of 5 FINDINGS 11. On perusal of the material available on record and giving regard to the facts and circumstances of the case, I record my findings hereunder.
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Source: SecMarx — sebi:VKV/DL/AO-69/2016. 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.