Adjudication order in respect of Maa Leafin and Capital Ltd. in the matter of non redressal of investor grievances


Quick Summary
The Securities and Exchange Board of India (SEBI) has issued an adjudication order against Maa Leafin and Capital Ltd. for failing to address investor complaints. The company did not obtain necessary SCORES authentication or resolve grievances within the stipulated timeframe as required by SEBI circulars. Consequently, SEBI initiated adjudication proceedings and imposed penalties.

Court :
SEBI

Brief :
Securities and Exchange Board of India (hereinafter referred to as "SEBI") observed that Maa Leafin and Capital Ltd. (hereinafter referred to as 'Noticee /Company/ By Name’) failed to redress various investor complaints pending against it. SEBI had issued Circulars viz., Circular No. CIR/OIAE/2/2011 dated June 3, 2011, SEBI Circular No. CIR/OIAE/1/2012 dated August 13, 2012 and SEBI Circular No. CIR/OIAE/1/2013 dated April 17, 2013 (hereinafter collectively referred to as "SEBI Circulars") dealing with the processing of investor complaints against listed companies through SEBI Complaints Redress System (hereinafter referred to as "SCORES")

Citation :
[ADJUDICATION ORDER NO. Order/AA/JR/2020-21/9409]

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