Bipin Ratilal Shah
Penalties and directions recorded
- AO imposed Rs 20 lacs penalty jointly and severally for Regulation 10 violation
- AO imposed penalty of Rs 20 lacs jointly and severally on 15 noticees for Regulation 10 violation - challenged in SAT appeals
- Adjudicating Officer imposed Rs 20 lakh penalty jointly and severally for Regulation 10 violation
SAT-appeal
- Seven allottees allegedly acted in concert to acquire 2,90,00,000 shares via preferential allotment without Regulation 10 public announcement.AO imposed Rs 20 lacs penalty jointly and severally for Regulation 10 violationAppeal: Appeal Nos. 154, 155 and 156 of 2012 decided by common SAT order dated 08/04/2013
- 7 preferential allottees allegedly acted in concert to acquire 2,90,00,000 shares of Platinum Corporation Ltd. and failed to make public announcement under Regulation 10.AO imposed penalty of Rs 20 lacs jointly and severally on 15 noticees for Regulation 10 violation - challenged in SAT appeals
- 7 allottees allegedly acted in concert to acquire 2,90,00,000 preferential shares of Platinum Corporation Ltd without public announcement under Regulation 10.Adjudicating Officer imposed Rs 20 lakh penalty jointly and severally for Regulation 10 violation
Source: SecMarx — Bipin Ratilal Shah. 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.