Garware Polyester Limited

6 matters before the Securities Appellate Tribunal

Penalties and directions recorded

SEBI AO penalty orders dated 15 January 2021 were quashed.
Separate Adjudicating Officer orders dated January 15, 2021 quashed
Adjudicating Officer penalty orders dated January 15, 2021 quashed
Adjudicating Officer penalty orders dated January 15, 2021 quashed
Show cause notice dated July 16, 2020 and impugned AO orders quashed on ground of inordinate delay

SAT-appeal

Delayed disclosure of acquisitions and changes in shareholding by promoters/directors, and delayed company disclosures to stock exchanges. Required disclosures were allegedly delayed by 27 to 193 days.
All six appeals were allowed. · SEBI AO penalty orders dated 15 January 2021 were quashed.
Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 allowed by SAT on 9 August 2021; impugned AO orders and show cause notice quashed.
Delay of 27 to 193 days by promoters/directors and company in disclosing changes in shareholding of Garware Polyester to company/stock exchanges.
Show cause notice dated July 16, 2020 quashed · Separate Adjudicating Officer orders dated January 15, 2021 quashed
Appeal: Appeal Nos. 187-192 of 2021 allowed by SAT on 09.08.2021 (reserved on 30.07.2021); SCN and AO orders quashed
Delay of 27 to 193 days by promoters/directors and company in disclosing changes in shareholding/acquisitions exceeding Rs 5 lakh to company and stock exchanges under PIT Regs 13(4)-13(6).
Show cause notice dated July 16, 2020 quashed · Adjudicating Officer penalty orders dated January 15, 2021 quashed
Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 allowed and disposed on 09.08.2021
Promoters/directors delayed disclosures of share acquisitions exceeding Rs 5 lakh to company and exchange, and company delayed disclosure to exchange, with delays of 27 to 193 days.
Adjudicating Officer penalty orders dated January 15, 2021 quashed · Show cause notice dated July 16, 2020 quashed
Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 decided on 09.08.2021 - allowed, impugned AO orders and SCN quashed
Delay of 27 to 193 days in disclosures by promoters/directors and company to company/stock exchanges for share acquisitions exceeding Rs. 5 lakh from April 10, 2012 to September 26, 2012.
Show cause notice dated July 16, 2020 and impugned AO orders quashed on ground of inordinate delay · All Appeal Nos. 187 to 192 of 2021 allowed with no order as to costs
Appeal: Appeal Nos. 187 to 192 of 2021 allowed by SAT decision dated 09.08.2021 (reserved on 30.07.2021)
Delay of 27 to 193 days in disclosures by promoters/directors and company to company/stock exchanges for acquisitions in Garware Polyester Ltd shares.
Show cause notice dated July 16, 2020 quashed · Separate AO penalty orders dated January 15, 2021 quashed
Appeal: Appeal Nos. 187, 188, 189, 190, 191 and 192 of 2021 allowed by SAT on 09.08.2021 (reserved 30.07.2021)

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Source: SecMarx — Garware Polyester 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.