SEBI fines six firms ₹60 lakh

The Hindu Business Line - - FRONT PAGE - PTI

SEBI on Tues­day im­posed a to­tal fine of ₹60 lakh on six firms for fail­ing to reg­is­ter with the reg­u­la­tor’s on­line com­plaints re­dres­sal sys­tem within the stip­u­lated time. The firms — Adam Com­sof, Akash Agen­cies, Alert Pet­ro­gas, Arun Man­tex, Bhavi In­vest­ments and Bhag­wati Cot­tons — have been fined ₹10 lakh each. In Au­gust 2012, the reg­u­la­tor had is­sued a cir­cu­lar di­rect­ing all the listed com­pa­nies to ob­tain SEBI Com­plaints Re­dres­sal Sys­tem (SCORES) au­then­ti­ca­tion by Septem­ber 2012.

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