Amee Dhiren Shah

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appellants to provide FD of Rs 2,60,93,085.85 in name of SEBI for one year within two weeks
Restrained from dealing in IAL scrip for 2 years
Penalty of Rs.15 lakhs separately on each appellant
Disgorgement of unlawful profits in IAL shares by insider trading

SAT-appeal

Alleged trading and participation in preferential allotment of Infibeam Avenues Ltd while in possession of UPSI about stock split, as connected persons to promoters, in violation of PIT Regulations.
Quashed WTM ex-parte interim order dated 24 Aug 2020 qua appellants at admission stage · Allowed Appeal No.269 of 2020 and disposed Misc Application No.278 of 2020
Appeal: Appeal No.269 of 2020 with Misc Application No.278 of 2020 (urgency) allowed on 7 September 2020; WTM ex-parte interim order dated 24 August 2020 quashed qua appellants
Alleged insider trading in Infibeam Avenues Ltd (IAL) while in possession of UPSI about 1:10 stock split (Rs.10 to Rs.1) during 22 Nov 2016-26 Jun 2017.
Restrained from accessing securities market for 1 year per WTM order 27 Apr 2021 · Restrained from dealing in IAL scrip for 2 years

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Source: SecMarx — Amee Dhiren Shah. 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.