sebi:WTM/RKA/OIAE/126/2014
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Facts / Headnote
SCNs disposed of with no direction under Section 11B; advisory caution issued
Provisions invoked
- s. 11B
Parties
- Baba Arts Ltd.
- Directors of Baba Arts Ltd.
Holding
No directions under Section 11B of the SEBI Act were passed against Baba Arts Ltd. and its directors, and the SCNs issued to them were accordingly disposed of with advice to be vigilant on investor grievance redressal.
Full text
______________________________________________________________________________________ In the matter of Baba Arts Ltd. Page 2 of 2
6. Considering the above 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 Baba Arts Ltd. and its directors as contemplated in the SCNs issued to them. The SCNs are accordingly disposed of. However, they are advised to take utmost care and be vigilant in future, in respect of redressal of investor grievances.
Date: October 27th, 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/126/2014. 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.