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May 14, 2003
PR No. 119/2003
Investor Grievances and Guidance Division
SEBI is now empowered to impose penalty of Rs. one lakh for each day or Rs. one crore, whichever is less, on companies under section 15 C of the SEBI Act, as amended by the SEBI (Amendment) Act, 2002 for their failure to redress investor grievances after having been called upon to do so.
Accordingly, SEBI has issued directions to the following companies to redress pending investor grievances.
| Sr.
No. |
Name Of The Company |
| 1 |
Ace Laboratories Ltd. |
| 2 |
Ambik Proteins Ltd. |
| 3 |
Bombay Silk Mills Ltd. |
| 4 |
Enkay Texofood Ltd. |
| 5 |
Gujarat Dehyd Foods Ltd |
| 6 |
Gujarat Fun 'N Water Park Ltd. |
| 7 |
J F Laboratories Ltd. |
| 8 |
Jayanti Business Machines Ltd. |
| 9 |
Llyods Finance Ltd. |
| 10 |
Mafatlal Finance Co. Ltd. |
| 11 |
Mahadev Corporation Ltd. |
| 12 |
Mahadev Industries Ltd. |
| 13 |
Monica Electronics Ltd. |
| 14 |
Padmini Technologies Ltd. |
| 15 |
Pal Peugeot Ltd. |
| 16 |
Panchmahal Cement Ltd. |
| 17 |
Pentafour Products Ltd. |
| 18 |
Pittie Cement And Industries Ltd. |
| 19 |
Prudential Capital Markets Ltd. |
| 20 |
Rossel Finance Ltd. |
| 21 |
Sunstar Software Systems Ltd. |
| 22 |
Vikas WSP Ltd |
| 23 |
West Coast Brewers And Distillers Ltd. |
| 24 |
Western India Shipyard Ltd. |
Further, SEBI has appointed Adjudicating Officer to pursue further action under section 15 C of the SEBI Act, for the failure of following companies to redress investor grievances after having been called upon to do so.
1. Essar Oil Ltd.
2. Arihant Cotsyn Ltd.
3. Malanpur Steel Ltd.
4. Ojas Technochem Products Ltd.
5. Mukerian Papers Ltd.
6. Vatsa Corporations Ltd.
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