sebi:WTM/RKA/OIAE/127/2014
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Facts / Headnote
SCNs disposed of with no direction under section 11B of the SEBI Act; noticees advised to take utmost care and be vigilant in future in respect of redressal of investor grievances
Provisions invoked
- s. 11B
Parties
- Unimers India Ltd.
- its directors
Holding
No direction under section 11B of the SEBI Act was passed against Unimers India Ltd. and its directors. The SCNs issued to them were accordingly disposed of with an advisory to be vigilant on investor grievance redressal.
Full text
In the matter of Unimers India Ltd. Page 2 of 2 5. 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 Unimers India 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/127/2014. 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.