sebi:WTM/RKA/EFD/34/2016
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Restrained and prohibited Chemox Laboratories Limited from accessing the securities market and from buying, selling or dealing in securities, directly or indirectly, till it obtains SCORES authentication and resolves all pending investor grievances.
Provisions invoked
- s. 11B
- s. 11
- s. 19
Parties
- Chemox Laboratories Limited
Holding
Chemox Laboratories Limited is restrained and prohibited from accessing the securities market and from buying, selling or dealing in securities, directly or indirectly, in whatsoever manner, till it obtains SCORES authentication in terms of the SEBI circular dated August 13, 2012 and resolves all the investor grievances pending against it.
Full text
____________________________________________________________________________________ In the matter of Chemox Laboratories Limited Page 2 of 2
note that sufficient opportunities have been granted to the company and it is not keen to avail the same. I note that the company has not even filed any written reply/submission to the SCN. In view of these
facts and circumstances, I deem it appropriate to decide the matter on the basis of material available on record. 5. I note that the company has not obtained SCORES authentication, as required under SEBI circular dated August 13, 2012, till date. I further note from the SCN that as on February 17, 2014, there were twelve investor complaints pending for more than two years against the company for redressal.
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Source: SecMarx — sebi:WTM/RKA/EFD/34/2016. 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.