Chartered Capital and Investment Limited

SAT-appeal

• SAT matter SATV-42C395B7B47C5562123A1315
  Appeal disposed of as infructuous · No order as to costs
  Appeal: Appeal No. 342 of 2015 decided on 14 July 2016; disposed of as infructuous without examining merits
• Failure by merchant banker to exercise due diligence on RDB Rasayans IPO disclosures; non-disclosure in RHP/prospectus of Sept 12, 2011 board resolution for Rs 50 crore loan to group company RDB Realty.
  Set aside WTM order dated September 7, 2012 confirming ex-parte ad interim order dated December 28, 2011 against appellants · Vacated interim restraint debarring appellants from new capital market assignments pending investigation
• Prima facie lack of due diligence by appellants as merchant banker in handling IPO of RDB Rasayans Limited.
  Board to complete investigation qua appellants within two weeks from 29 August 2012 · If Board fails to pass appropriate order in time, ex-parte ad-interim order against appellants stands vacated
  Appeal: Appeal No. 174 of 2012 disposed of on 29.08.2012 with direction to SEBI to complete investigation within two weeks