sebi:VKV/DL/AO-73/2016

SEBI · SEBI · 2012-08-22 · Vijayant Kumar Verma, Adjudicating Officer

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Facts / Headnote

Adjudication proceedings initiated vide SCN dated March 23, 2015 disposed of without penalty

Provisions invoked

• s. 15
• s. 15H
• s. 15I
• s. 15J
• s. 15C

Parties

• M/s Arihant Corporation Ltd

Holding

The Noticee did not violate Section 15C of the SEBI Act, 1992 and is not liable for monetary penalty under that provision. The adjudication proceedings initiated vide SCN dated March 23, 2015 are disposed of.

Full text

Adjudication Order against M/s Arihant Corporation Ltd March 22, 2016 Page 2 of 6 2012, was sent to the Noticee informing about the commencement of processing of investor complaints in a centralized web based complaints redress system SCORES in terms of the Circular and advising the Noticee to send the information (i.e. details for authentication) as required in the Circular, at the earliest. However, the same was undelivered.

Adjudication Order against M/s Arihant Corporation Ltd March 22, 2016 Page 3 of 6 SHOW CAUSE NOTICE, REPLY AND HEARING 6. A Show Cause Notice (hereinafter referred to as “SCN”) was issued to the Noticee under Rule 4 of Adjudication Rules to show cause as to why an inquiry be not held against it in terms of Rule 4 of the Adjudication Rules read with section 15I of SEBI Act, 1992 and penalty be not imposed under section 15C of SEBI Act, 1992 for the violation alleged to have been committed by the Noticee.

Adjudication Order against M/s Arihant Corporation Ltd March 22, 2016 Page 4 of 6 the given matter if another opportunity of hearing under Rule 4 (3) of Adjudication Rules is not provided to it.

Source: SecMarx — sebi:VKV/DL/AO-73/2016. 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.