Arun Kumar Gupta

6 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Violation affirmed but penalty reduced from Rs. 40 lakhs to Rs. 8 lakhs payable by appellants
Penalty reduced from Rs. 40 lakhs (Rs. 10 lakhs each) to Rs. 8 lakhs total payable by appellants
Violation affirmed but penalty reduced from Rs 40 lakhs to Rs 8 lakhs payable by appellants
Matters listed for admission on 9 November 2022
Violation affirmed but penalty reduced from Rs. 40 lakhs to Rs. 8 lakhs payable by appellants

SAT-appeal

Preferential allotment of 39,50,000 shares to 191 entities in 4 tranches breaching 49-person limit in first proviso to Section 67(3), deemed public issue.
Violation affirmed but penalty reduced from Rs. 40 lakhs to Rs. 8 lakhs payable by appellants · Appeal Nos. 787-790 of 2022 partly allowed
Appeal: Appeal Nos. 787, 788, 789 and 790 of 2022 partly allowed on 14.11.2022
SAT matter SATV-9D0C279F661895452C7039C7
List Appeal Nos. 787, 788, 789 and 790 of 2022 on November 14, 2022 · All concerned parties to act on digitally signed copy of order
Appeal: Appeal Nos. 787, 788, 789 and 790 of 2022 adjourned on 09.11.2022, next listing November 14, 2022
Preferential allotment of 39,50,000 shares to 191 entities in 4 tranches breaching 49-person limit under first proviso to Section 67(3), constituting deemed public issue.
Violation of Section 67(3) affirmed · Penalty reduced from Rs. 40 lakhs (Rs. 10 lakhs each) to Rs. 8 lakhs total payable by appellants
Appeal: Appeal Nos. 787, 788, 789 and 790 of 2022 decided on 14.11.2022 - partly allowed with penalty reduction
Preferential allotment to 191 entities in 4 tranches deemed public issue in violation of first proviso to Section 67(3) of Companies Act, 1956.
Violation affirmed but penalty reduced from Rs 40 lakhs to Rs 8 lakhs payable by appellants · Appeals partly allowed
Appeal: Appeal Nos. 787, 788, 789 and 790 of 2022 decided on 14.11.2022 - partly allowed, violation affirmed, penalty reduced
SAT matter SATV-737FF8C5246B997517FE7364
Appeals to be taken up together against a common order · Appellants to file a copy of the Adjudicating Officer's order in the matter of Trinity Tradelink Limited
Appeal: Appeal Nos. 787, 788, 789 and 790 of 2022; order dated 7 November 2022; matters adjourned for admission on 9 November 2022
Preferential allotment of 39,50,000 shares to 191 entities in 4 tranches breaching 49-person limit under first proviso to Section 67(3), constituting deemed public issue.
Violation affirmed but penalty reduced from Rs. 40 lakhs to Rs. 8 lakhs payable by appellants · Appeals No. 787-790 of 2022 partly allowed
Appeal: Appeal Nos. 787, 788, 789 and 790 of 2022 decided on 14.11.2022; partly allowed with penalty reduction

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Source: SecMarx — Arun Kumar Gupta. 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.