BgSE Financials Ltd.

SAT-appeal

• Alleged incorrect reporting of Early Pay-In (EPI) values in Cash and Cash Equivalent Weekly Reports for six weeks under the NSE circular dated 2 September 2022.
  Penalty of Rs. 1,00,100 imposed by the NSE Compliance Officer set aside. · Appeal allowed.
  Appeal: Appeal Nos. 630 to 636 of 2023 allowed on 10 August 2023; associated Miscellaneous Applications Nos. 906 to 910 of 2023 were listed.
• Alleged incorrect reporting of Early Pay-in (EPI) value in Cash and Cash Equivalent Weekly Reports under the NSE circular dated 2 September 2022.
  Penalty of Rs. 1,00,100 imposed by the NSE Compliance Officer set aside · Appeal allowed
  Appeal: Appeal Nos. 630, 631, 632, 633, 634, 635 and 636 of 2023 decided together and allowed on 10 August 2023.
• SAT matter SATV-13F16DFB463636CFBA10ABD0
  All appeals were taken up together due to a common issue. · Matter adjourned and listed on 28 July 2023 for the respondent to produce case laws and circulars.
  Appeal: Appeal Nos. 630, 631, 632, 633, 634, 635 and 636 of 2023 were pending and adjourned to 28 July 2023; no disposal on merits stated.
• SAT matter SATV-14F7CEA2AAC17AB7B05DE675
  Matters adjourned for the day to enable the respondent to file a reply · Matters listed on 10 August 2023
  Appeal: Appeal Nos. 630, 631, 632, 633, 634, 635 and 636 of 2023 were listed before SAT on 9 August 2023 and adjourned to 10 August 2023; no disposal on merits stated.
• SAT matter SATV-5933DC6D316E8C9AFF5B82E2
  Adjourned to August 10, 2023 to enable respondent to file reply
  Appeal: Appeal Nos. 630, 631, 632, 633, 634, 635 and 636 of 2023 pending; adjourned on 09.08.2023 to 10.08.2023 for respondent reply
• Alleged failure to report Early pay-in (EPI) value in weekly Cash and Cash Equivalent reports, constituting incorrect reporting under NSE circular dated September 2, 2022.
  Penalty of Rs 1,00,100 in each of seven impugned orders set aside · All seven appeals allowed
  Appeal: Appeal Nos. 630-636 of 2023 with Misc. Applications 906-910 of 2023 allowed and disposed on 10.08.2023
• SAT matter SATV-84C39E346ED51D022ACAB921
  Delay in filing of appeals condoned and misc applications allowed · Respondent to file reply within a week
  Appeal: Appeal Nos. 630, 631, 632, 633, 634, 635 and 636 of 2023 filed; delay condoned on 28.07.2023; pending for admission on 09.08.2023
• Alleged incorrect weekly reporting by broker for not including Early pay-in (EPI) value in cash and cash equivalent submission per NSE circular dated September 2, 2022.
  Penalty of Rs 1,00,100 imposed by NSE Compliance Officer set aside · All seven Appeals No. 630-636 of 2023 allowed
  Appeal: Appeal Nos. 630, 631, 632, 633, 634, 635 and 636 of 2023 allowed by SAT on 10.08.2023
• Failure to report Early Pay-in (EPI) value as part of cash and cash equivalent in weekly reports for 7 weeks, alleged incorrect reporting under NSE circular Sept 2, 2022.
  Penalty of Rs. 1,00,100/- in each of seven impugned NSE orders set aside · Appeal Nos. 630 to 636 of 2023 allowed
  Appeal: Appeal Nos. 630, 631, 632, 633, 634, 635 and 636 of 2023 with Misc. Applications 906-910 of 2023 decided on 10.08.2023 - allowed
• Failure to report Early pay-in (EPI) value as part of cash and cash equivalent in weekly reports; alleged incorrect reporting under NSE circular dated September 2, 2022.
  Penalty of Rs. 1,00,100 per impugned order set aside · All seven Appeals No. 630-636 of 2023 allowed
  Appeal: Appeal Nos. 630, 631, 632, 633, 634, 635, 636 of 2023 with Misc. Applications 906-910 of 2023 allowed on 10.08.2023
• SAT matter SATV-D54F7F2C206BA829FAA6E083
  Adjourned due to inability to hear appellant on virtual mode; put up on July 27, 2023
  Appeal: Appeal Nos. 630, 631, 632, 633, 634, 635 and 636 of 2023 pending; adjourned on 26.07.2023 to 27.07.2023 with no disposal
• Failure to report Early Pay-in (EPI) value in cash and cash equivalent weekly reports, alleged incorrect reporting under NSE circular dated 2 Sep 2022.
  Penalty of Rs 1,00,100 per impugned order set aside · All seven appeals (630-636 of 2023) allowed
  Appeal: Appeal Nos 630-636 of 2023 allowed vide SAT order dated 10.08.2023