sebi:WTM/RKA/EFD/103/2015
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Facts / Headnote
No direction issued; Show Cause Notices disposed of
Provisions invoked
- s. 11B
Parties
- Pearl Engineering Polymers Limited
- Mr. Harish Seth
- Mr. Mehra
- Mr. Brijesh Bansi Mathur
Holding
SEBI decided there was no need to pass any direction under Section 11B of the SEBI Act, 1992 against Pearl Engineering Polymers Limited and its directors. The Show Cause Notices issued to them were accordingly disposed of.
Full text
SECURITIES AND EXCHANGE BOARD OF INDIA ORDER Under section 11B of the Securities and Exchange Board of India Act, 1992 in respect of (1) Pearl Engineering Polymers Limited, and its directors viz. (2) Mr. Harish Seth, (3) Mr. Mehra and (4) Mr. Brijesh Bansi Mathur ______________________________________________________________________________
1. Pearl Engineering Polymers Limited (hereinafter referred to as ‘the company’) is a company incorporated under the Companies Act, 1956 having its registered office at Plot No. D-17, M.I.D.C., Kurkumbh, Tal. Daund, Pune – 413802. It has been observed from the website of Ministry of Corporate Affairs that there are three directors of the company namely, Mr. Harish Seth, Mr. Mehra and Mr. Brijesh Bansi Mathur (hereinafter collectively referred to as "directors").
2. It was observed that the company obtained SCORES authentication but it had failed to redress investor grievances forwarded to them through SCORES. In terms of SEBI circular No. CIR/OIAE/1/2012 dated August 13, 2012, all listed companies were advised to take appropriate necessary steps within 7 days of receipt of complaint by the concerned company through SCORES, so as to resolve the complaint within 30 days of receipt of complaint and also to keep the complainant duly informed of the action taken thereon.
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Source: SecMarx — sebi:WTM/RKA/EFD/103/2015. 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.