Dhaval Chandrakant Shah

SAT-appeal

• Alleged fraudulent and unfair trade practices involving collusive trades and manipulation of the Last Traded Price under Regulations 3 and 4 of the PFUTP Regulations.
  Impugned common AO order dated 17 May 2019 quashed · Appeals allowed
  Appeal: Appeal Nos. 490 of 2019 and 489 of 2019 decided on 14 June 2021; both appeals allowed and matters remitted to the AO
• Alleged fraudulent and unfair trade practices under Regulations 3 and 4 of the PFUTP Regulations through trades said to involve collusion and manipulation of the Last Traded Price.
  Impugned AO order dated 17 May 2019 quashed · Appeals allowed
  Appeal: Appeal Nos. 489 and 490 of 2019 decided together on 14 June 2021; appeals allowed and matters remitted to the AO
• Violation attracting penalty under Section 15H of SEBI Act relating to trading in 2013-14 (specific charge not detailed in order)
  Penalty of Rs 5 lakh reduced to Rs 1 lakh and Rs 10 lakh reduced to Rs 2 lakh · Appeals stand disposed of
  Appeal: Appeal No. 289 of 2023 with Misc. Application 280 of 2023 and Appeal No. 356 of 2023 with Misc. Application 383 of 2023 disposed of on 29 August 2024
• Violation attracting penalty under Section 15H for trading in 2013-14 (specific charge not detailed in SAT order)
  Penalty of Rs. 5 lakh reduced to Rs. 1 lakh · Penalty of Rs. 10 lakh reduced to Rs. 2 lakh
  Appeal: Appeal No. 289 of 2023 with Misc. Application 280 of 2023 and Appeal No. 356 of 2023 with Misc. Application 383 of 2023 disposed on 29 August 2024