DJS Stocks and Shares Limited

6 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Each appellant shall deposit Rs. 2 lakh.
On deposit, the balance penalty amount shall not be recovered; prior deposits shall be adjusted.
AO and WTM orders shall not be used or relied upon in pending criminal proceedings.
Appellants to deposit Rs. 2 lakh each; interim deposits to be adjusted
If deposited, balance AO penalty amount shall not be recovered

SAT-appeal

Manipulation of the scrip price through connected entities in four trading patches, creating artificial inflation and trading volumes through counterparties to share sales.
Each appellant shall deposit Rs. 2 lakh. · On deposit, the balance penalty amount shall not be recovered; prior deposits shall be adjusted.
Appeal: Appeal Nos. 703 to 707 of 2021, 462, 574 to 576, and 582 to 585 of 2022 disposed of on 18 May 2023; miscellaneous applications also disposed of.
Company and directors (noticee 1-6) with 83 connected entities allegedly manipulated scrip price in four patches and as counterparties to 1059 allottees created artificial price and volume.
Appellants to deposit Rs. 2 lakh each; interim deposits to be adjusted · If deposited, balance AO penalty amount shall not be recovered
Appeal: Appeal Nos. 703-707/2021, 462, 574-576, 582-585, 615/2022 disposed on 18.05.2023
SAT matter SATV-96BCA59A0CFA24631CD6F51E
Adjourned on request of counsel for respondent SEBI · List on May 4, 2023
Appeal: Appeal Nos. 462, 574, 575, 576, 582, 583, 584, 585, 615 of 2022 and 703, 704, 705, 706, 707 of 2021 pending; adjourned to May 4, 2023, not disposed on 28.03.2023
SAT matter SATV-8BEB4EFF442F9ED8AB6316FB
Respondent SEBI in Appeal No. 582 of 2022 to file rejoinder within three weeks · Appellants in all other appeals to file rejoinder within three weeks
Appeal: Appeal Nos. 462, 574-576, 582-585, 615 of 2022 and 703-707 of 2021 pending before SAT; interim relief extended vide order dated 10.10.2022; next date 17.11.2022
Company and directors with 83 connected entities manipulated scrip price in four patches and created artificial inflation/volume via sales by 1059 allottees, violating PFUTP Regulations 3 and 4.
Appellants to pay Rs 2 lakh each; if deposited balance not to be recovered · Any deposit under interim order to be adjusted
Appeal: Appeal Nos 703-707 of 2021, 462, 574-576, 582-585, 615 of 2022 disposed on 18.05.2023 with reduced penalty and debarment
Company and directors with 83 connected entities manipulated scrip price in four trading patches and created artificial inflation/volume, violating PFUTP Reg 3 and 4.
Appellants to deposit Rs. 2 lakh each; interim deposits to be adjusted · If deposited, balance AO penalty amount shall not be recovered
Appeal: Appeal Nos. 703-707 of 2021, 462, 574-576, 582-585, 615 of 2022 with Misc. Appl. 736, 919-921 of 2022 disposed on 18.05.2023

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Source: SecMarx — DJS Stocks and Shares 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.