Bindal Synthetics Private Limited

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

SEBI AO penalties upheld; no order as to costs
Appeals dismissed and AO penalty of Rs 4 lakh on each appellant upheld

SAT-appeal

Failure to disclose sale of more than 2% of the share capital under Regulation 7(1A) read with Regulation 7(2) of the SAST Regulations, 1997.
Appeal No. 75 of 2014 dismissed · Appeal No. 76 of 2014 dismissed
Appeal: Appeal Nos. 75 and 76 of 2014 disposed of together and dismissed on 09 June 2014.
Failure to disclose sale of 4,43,580 shares of Blue Blends (India) Limited constituting more than 2% on 28 March 2006 within 2 days under SAST Reg 7(1A) r/w 7(2).
Appeals dismissed and AO penalty of Rs 4 lakh on each appellant upheld · No order as to costs
Appeal: Appeal Nos. 75 and 76 of 2014 dismissed by SAT on 09.06.2014

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Source: SecMarx — Bindal Synthetics Private 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.