Arjav Nareshbhai Panchal
Penalties and directions recorded
- WTM disgorgement order dated 25 February 2011 set aside and matter remanded for fresh decision
- AO penalty order dated 31 January 2012 set aside and matter remanded for fresh decision
- WTM and AO to provide personal hearing and pass fresh orders in accordance with law
- Remand matters to WTM and AO respectively for fresh decision on merits in accordance with law after personal hearing
SAT-appeal
- Alleged fraudulent and unfair trade practices involving cornering shares reserved for retail individual investors in 18 IPOs through thousands of afferent accounts and transferring allotted shares to financiers.WTM disgorgement order dated 25 February 2011 set aside and matter remanded for fresh decision · AO penalty order dated 31 January 2012 set aside and matter remanded for fresh decisionAppeal: Appeal Nos. 400 of 2015 and 401 of 2015 disposed of by SAT on 3 March 2016; impugned orders set aside and matters remanded
- Cornering shares meant for retail investors in 18 IPOs by opening thousands of afferent accounts in concert with depository participant and financiers and transferring allotted shares and refunds as per prior understanding.Set aside WTM order dated 25.02.2011 and AO order dated 31.01.2012 · Remand matters to WTM and AO respectively for fresh decision on merits in accordance with law after personal hearingAppeal: Appeal Nos. 400 of 2015 and 401 of 2015 decided and disposed on 03.03.2016 by remand
Source: SecMarx — Arjav Nareshbhai Panchal. 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.