Académique Documents
Professionnel Documents
Culture Documents
Adjudication Order in respect of Jindal Polyesters Ltd. (Now known as Jindal Poly Films Ltd.)
Page 1 of 5
January 30, 2015
Adjudication Order in respect of Jindal Polyesters Ltd. (Now known as Jindal Poly Films Ltd.)
Page 2 of 5
January 30, 2015
the investor that, if the share certificates were lost or misplaced then duplicate
share certificates can be issued. The registrar also sent the procedure of issue of
duplicate share certificates. Please note that the investor concerned has neither
applied for duplicate share certificate nor contacted the Company or Registrar in
this regard.
On receipt of your letter RTA and Company contacted the investor through
telephone and came to know that it was misplaced by him during the process of
dematerialization. On 13th August 2013, RTA further communicated with the
investor and forwarded procedure of issue of duplicate share certificate as
requested by the investor. We are awaiting the required documents, duly filled and
signed from the investor and will do the needful immediately.
We bring to your kind notice that till date there is no pending complaint in
SCORES.
Adjudication Order in respect of Jindal Polyesters Ltd. (Now known as Jindal Poly Films Ltd.)
Page 3 of 5
January 30, 2015
Adjudication Order in respect of Jindal Polyesters Ltd. (Now known as Jindal Poly Films Ltd.)
Page 4 of 5
January 30, 2015
13. Since the allegation against the Noticee of not resolving the investor
grievance pending against it has not been established; therefore, the
Noticee is not liable for monetary penalty under Section 15C of the SEBI
Act, 1992.
ISSUE 3: What quantum of monetary penalty should be imposed on the
Noticee taking into consideration the factors mentioned in Section 15J
of the SEBI Act, 1992?
14. Since, the Noticee is not liable for monetary penalty in the instant matter,
this issue deserves no consideration.
ORDER
15. In view of my findings noted in the preceding paragraphs, I hereby
dispose of the Adjudication Proceedings initiated against the Noticee vide
Show Cause Notice dated July 31, 2013.
16. In terms of the provisions of Rule 6 of the SEBI (Procedure for Holding
Inquiry and Imposing Penalties by Adjudicating Officer) Rules 1995,
copies of this Order are being sent to the Noticee and also to Securities
and Exchange Board of India.
Jayanta Jash
Adjudicating Officer
Adjudication Order in respect of Jindal Polyesters Ltd. (Now known as Jindal Poly Films Ltd.)
Page 5 of 5
January 30, 2015