sebi:WTM/RKA/OIAE/100/2014
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Facts / Headnote
Show Cause Notices disposed of; no direction issued under section 11B of the SEBI Act
Provisions invoked
- s. 11B
Parties
- Mehta Caplease Ltd.
- directors of Mehta Caplease Ltd.
Holding
No direction under section 11B of the SEBI Act was passed against Mehta Caplease Ltd. and its directors, and the SCNs issued to them were disposed of.
Full text
In the matter of Mehta Caplease Ltd. Page 2 of 2 5. I have considered the SCNs, reply of Mehta and other materials available on record. It has been confirmed that Mehta has obtained SCORES authentication, disposed of the complaints referred in the SCN and no further complaint is pending on SCORES. Considering the facts and circumstances of the case, I am of the view that there is no need to pass any direction under section 11B of the SEBI Act against Mehta and its directors, as contemplated in the SCNs issued to them. However, they are advised to take utmost care and be vigilant in future, in respect of redressal of investor grievances. The SCNs are accordingly disposed of.
Date: 13th August, 2014 RAJEEV KUMAR AGARWAL Place: Mumbai WHOLE TIME MEMBER SECURITIES AND EXCHANGE BOARD OF INDIA
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Source: SecMarx — sebi:WTM/RKA/OIAE/100/2014. 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.