Investor Grievances and Guidance Division

SEBI is 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. 

Earlier SEBI had appointed Adjudicating Officer in case of six companies to pursue further action under section 15 C of the SEBI Act. 

Now, 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. M/s Enkay Texofood Ltd. 
    2. M/s Gujarat Fun 'N Water Park Ltd. 
    3. M/s J F Laboratories Ltd. 
    4. M/s Lloyds Finance Ltd. 
    5. M/s Mafatlal Finance Company Ltd. 
    6. M/s Monica Electronics Ltd. 
    7. M/s Padmini Technologies Ltd. 
    8. M/s Panchmahal Cement Ltd. 
    9. M/s Pentafour Products Ltd. 
  10. M/s Prudential Capital Markets Ltd. 
  11. M/s Vikas WSP Ltd 
  12. M/s Western India Shipyard Ltd. 

SEBI has also issued directions to M/s Shreyans Industries Ltd. to redress pending investor grievances, in terms of section 15 C of the SEBI Act before proceeding with further action.