First Custodian Fund (I) Ltd.

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Impugned ex-parte WTM orders dated 15 May 2014 quashed and set aside
Matters remanded to SEBI WTM for fresh decision on merits and in accordance with law
Impugned ex-parte WTM orders all dated May 15, 2014 quashed and set aside
Matters restored to file of WTM of SEBI for passing fresh orders on merits and in accordance with law
Impugned ex-parte WTM orders all dated May 15, 2014 quashed and set aside

SAT-appeal

Charges arising from trades executed in shares of BPL Ltd., Videocon International Ltd. and Sterlite Industries Ltd. during April and May 1998; the specific statutory charge is not stated.
Impugned ex-parte WTM orders dated 15 May 2014 quashed and set aside · Matters remanded to SEBI WTM for fresh decision on merits and in accordance with law
Appeal: Appeal Nos. 140, 139 and 141 of 2014 disposed of by SAT on 7 March 2016; impugned orders quashed and matters remanded.
Alleged irregular trades executed in shares of BPL Ltd., Videocon International Ltd. and Sterlite Industries Ltd. during April-May 1998.
Impugned ex-parte WTM orders all dated May 15, 2014 quashed and set aside · Matters restored to file of WTM of SEBI for passing fresh orders on merits and in accordance with law
Appeal: Appeal Nos. 139, 140 and 141 of 2014 disposed of by common decision dated 07.03.2016
Alleged irregular trades in shares of BPL Ltd., Videocon International Ltd. and Sterlite Industries Ltd. during April-May 1998 leading to suspension of registration.
Impugned ex-parte WTM orders all dated May 15, 2014 quashed and set aside · Matters restored to file of WTM of SEBI for passing fresh orders on merits and in accordance with law with all contentions kept open
Appeal: Appeal Nos. 139, 140 and 141 of 2014 disposed of on 07.03.2016 by remand to SEBI WTM

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Source: SecMarx — First Custodian Fund (I) Ltd.. 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.