Brijdham Dealcom Pvt. Ltd.

SAT-appeal

• Failure by newly appointed promoters to disclose shareholding and subsequent changes in shareholding to the company and BSE within the prescribed time; incorrect disclosures were also alleged.
  Violations under Regulations 13(2A), 13(4A) and 13(5) were affirmed · AO penalties were reduced to 50% of the amount computed
  Appeal: Appeal Nos. 358 to 364 of 2022, decided partly in favour of appellants on 8 July 2022; delay condoned and penalties reduced
• Failure by promoter entities to disclose their shareholding upon becoming promoters and subsequent changes in shareholding to the company and BSE within the prescribed time; incorrect disclosures were also alleged.
  Violations under Regulations 13(2A), 13(4A) and 13(5) were affirmed. · AO penalties were reduced to 50% of the amount computed.
  Appeal: Appeal Nos. 358, 359, 360, 361, 362, 363 and 364 of 2022 were partly allowed on 8 July 2022; delay was condoned.
• Failure by new promoters to disclose their shareholding and subsequent changes in shareholding to the company and BSE within the prescribed time; incorrect disclosures were also alleged.
  Violations under Regulations 13(2A), 13(4A) and 13(5) were affirmed · AO penalties were reduced to 50% of the amounts computed
  Appeal: Appeal Nos. 358 to 364 of 2022, decided partly in favour of appellants on 8 July 2022; delay condoned and penalties reduced
• SAT matter SATV-6C343431C9ACBFB6DFCB8F64
  All appeals taken up together as against a common order · Adjourned to 8 July 2022 at request of appellant counsel
  Appeal: Appeal Nos. 358, 359, 360, 361, 362, 363, 364 of 2022 pending against common SEBI order; adjourned on 7.7.2022, not disposed
• Failed to disclose shareholding on becoming promoter and failed to disclose / made incorrect disclosures of change in shareholding to company and BSE under Reg 13(2A), 13(4A) r/w 13(5).
  Delay in filing appeals condoned, Misc. Applications allowed · Violation of Regulations 13(2A), 13(4A) and 13(5) affirmed, imposition of penalty justified
  Appeal: Appeal Nos. 358, 359, 360, 361, 362, 363, 364 of 2022 disposed on 08.07.2022 - partly allowed with penalty reduced to 50%
• Failure to disclose shareholding on becoming promoter and failure/incorrect disclosure of change in shareholding to company and BSE under Reg 13(2A), 13(4A) r/w 13(5) PIT Regulations.
  Violations of Reg 13(2A), 13(4A), 13(5) affirmed, penalties held justified · Appeals partly allowed - penalties reduced to 50% of AO-computed amount
  Appeal: Appeal Nos. 358, 359, 360, 361, 362, 363, 364 of 2022 disposed on 08.07.2022 - partly allowed
• Failure to disclose promoter shareholding on becoming promoter under Reg 13(2A) and failure/incorrect disclosure of changes under Reg 13(4A) read with 13(5) after amalgamation allotment.
  Violations of Regs 13(2A), 13(4A) and 13(5) affirmed · AO penalty of Rs 1 lakh for each instance reduced to 50% of total computed amount
  Appeal: Appeal Nos. 358-364 of 2022 with Misc. Applications 490-496 of 2022 partly allowed on 08.07.2022; delay condoned
• Failure by promoters to disclose shareholding upon becoming promoters and subsequent changes in shareholding to the company and BSE within the prescribed period; incorrect disclosures were also alleged.
  Miscellaneous applications for condonation of delay allowed. · Violations affirmed, but penalties reduced to 50% of the amount computed by the AO.
  Appeal: Appeal Nos. 358 to 364 of 2022 partly allowed on 8 July 2022; delay condoned in Misc. Applications Nos. 490 to 496 of 2022.