Avenue Supermarts Limited

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

AO penalty of Rs 3 lakhs on Company and Rs 1 lakh on Compliance Officer upheld
Appeals dismissed; AO penalty upheld on different basis (awareness via SEBI email)

SAT-appeal

Alleged 474-day delay by Company and Compliance Officer in notifying stock exchange of employee's Rs 67.90 lakh share sale under Reg 7(2)(b) PIT Regulations.
Appeal Nos. 298 and 299 of 2020 dismissed · AO penalty of Rs 3 lakhs on Company and Rs 1 lakh on Compliance Officer upheld
Appeal: Appeal Nos. 298 and 299 of 2020 decided and dismissed on 17.01.2022 (reserved on 11.01.2022)
Employee sold 5000 shares (Rs 67.90 lakhs) on 03 Apr 2018 without informing company under Reg 7(2)(a); Company/Compliance Officer alleged delayed Reg 7(2)(b) disclosure to exchange till 29 Jul 2019.
Appeals dismissed; AO penalty upheld on different basis (awareness via SEBI email) · No order as to costs
Appeal: Appeal Nos. 298 and 299 of 2020 decided 17.01.2022 (reserved 11.01.2022); both dismissed, penalty upheld

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Source: SecMarx — Avenue Supermarts Limited. 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.