Advance Lifestyles Ltd.

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

BSE penalty of Rs. 20,40,000 upheld with no waiver or reduction
Appeal No.297 of 2019 dismissed summarily and Rs 1.5 lakhs AO penalty upheld

SAT-appeal

Non-compliance of multiple SEBI (LODR) Regulations, 2015 provisions; total basic fine Rs. 20,40,000 with BOD/committee/CS defaults continuing
Delay in filing appeal condoned vide Misc. Application No. 567 of 2019 · Appeal No. 531 of 2019 dismissed on merits
Failure to conduct thorough audit of Sharepro Services records/systems on dividends and securities transfers as directed by WTM order dated 22 March 2016.
Delay in filing appeal condoned and Misc. Application No.388 of 2019 allowed · Appeal No.297 of 2019 dismissed summarily and Rs 1.5 lakhs AO penalty upheld
Appeal: Appeal No.297 of 2019 dismissed summarily on 21.8.2019; Misc. Application No.388 of 2019 for delay condonation allowed

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Source: SecMarx — Advance Lifestyles Ltd.. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.