Aradhana Somani
Penalties and directions recorded
- Penalty for violation of Regulation 8(1), 8(2) and Regulation 3(3), 3(4) set aside; appeal allowed to that extent
- SAT held AO order imposing penalty for Reg 8(1), 8(2) and Reg 3(3), 3(4) cannot be sustained
SAT-appeal
- Alleged failure to make continual/periodic and change/acquisition disclosures under Reg 8(1), 8(2), 3(3), 3(4) and failure to make public announcement/open offer under Reg 11(1) r/w 14.Penalty for violation of Regulation 8(1), 8(2) and Regulation 3(3), 3(4) set aside; appeal allowed to that extent
- Former promoters failed to make continual disclosures under Reg 8(1), 8(2), 3(3), 3(4) and acquired additional shares beyond 5% without public announcement of open offer under Reg 11(1) r/w 14.SAT held AO order imposing penalty for Reg 8(1), 8(2) and Reg 3(3), 3(4) cannot be sustained · Appeal allowed to that extent with benefit of doubt to appellants on disclosure violations
Source: SecMarx — Aradhana Somani. 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.