Green Cottage and Resorts Ltd.

6 matters before the Securities Appellate Tribunal

Penalties and directions recorded

AO penalty orders upheld with no order as to costs
AO penalty orders upheld with no error found

SAT-appeal

Off-market transfer of shares allegedly without consideration, violating Section 16 of the SCRA; one appellant also failed to disclose a 2% change in shareholding, violating Section 15A(b) of the SEBI Act.
Appeal Nos. 144 to 149 of 2019 dismissed · No order as to costs
Appeal: Appeal Nos. 144 to 149 of 2019 were dismissed by SAT on 16 March 2020.
Off-market share transfers without consideration violating Section 16 SCRA; in Appeal 145, undisclosed 2% shareholding change violating Section 15A(b) SEBI Act
Appeals Nos. 144-149 of 2019 dismissed · AO penalty orders upheld with no order as to costs
Appeal: Appeal Nos. 144 to 149 of 2019 dismissed on 16.03.2020 with no order as to costs
Off-market transfer of shares without consideration in violation of Section 16 SCRA, plus failure to disclose 2% change in shareholding under SEBI Act.
Appeal Nos. 144 to 149 of 2019 dismissed with no order as to costs · AO findings of violation of Section 16 SCRA and Section 15A(b) SEBI Act upheld
Appeal: Appeal Nos. 144-149 of 2019 disposed on 16.03.2020 (reserved 03.03.2020) - all dismissed
Off-market transfer of shares without consideration in violation of Section 16 SCRA; in one case non-disclosure of 2% change in shareholding under Section 15A(b) SEBI Act.
Appeal Nos. 144 to 149 of 2019 dismissed with no order as to costs · AO findings of violation of Section 16 SCRA and Section 15A(b) SEBI Act upheld
Appeal: Appeal Nos. 144, 145, 146, 147, 148 and 149 of 2019 disposed and dismissed on 16.03.2020
Off-market transfer of shares without consideration in violation of Section 16 SCRA; in Appeal 145 additional 2% shareholding change not disclosed violating Section 15A(b) SEBI Act.
Appeal Nos. 144 to 149 of 2019 dismissed · AO penalty orders upheld with no error found
Appeal: Appeal Nos. 144-149 of 2019 disposed by SAT dismissal on 16.03.2020, reserved on 03.03.2020
Off-market transfer of shares without consideration violating Section 16 SCRA; in one case 2% shareholding change not disclosed violating Section 15A(b) SEBI Act.
All Appeal Nos. 144 to 149 of 2019 dismissed · No order as to costs
Appeal: Appeal Nos. 144 to 149 of 2019 dismissed on 16.03.2020, reserved on 03.03.2020

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Source: SecMarx — Green Cottage and Resorts 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.