HPC Biosciences Limited

SAT-appeal

• Non-compliance with BSE DAC order dated 05 Aug 2015 imposing trading suspension, bar on migration to main board and compulsory market making pending SEBI proceedings dated 29 Jun 2015.
  Dispose of Appeal Nos. 205, 209, 210, 211 of 2016 and related Misc. Applications as withdrawn keeping all contentions open · Direct BSE to permit appellants to make submissions on all issues relating to impugned order dated 05 Aug 2015 including continuance of compulsory market making and pass appropriate order
  Appeal: Appeal Nos. 205, 209, 210, 211 of 2016 with Misc. Applications 151, 153, 154, 155, 162, 163, 164, 165 of 2016 disposed of as withdrawn by SAT order dated 02.08.2016
• Preferential allotment of 39,50,000 shares to 191 entities in 4 tranches breaching 49-person limit in first proviso to Section 67(3), deemed public issue.
  Violation affirmed but penalty reduced from Rs. 40 lakhs to Rs. 8 lakhs payable by appellants · Appeal Nos. 787-790 of 2022 partly allowed
  Appeal: Appeal Nos. 787, 788, 789 and 790 of 2022 partly allowed on 14.11.2022
• SAT matter SATV-9D0C279F661895452C7039C7
  List Appeal Nos. 787, 788, 789 and 790 of 2022 on November 14, 2022 · All concerned parties to act on digitally signed copy of order
  Appeal: Appeal Nos. 787, 788, 789 and 790 of 2022 adjourned on 09.11.2022, next listing November 14, 2022
• Preferential allotment of 39,50,000 shares to 191 entities in 4 tranches breaching 49-person limit under first proviso to Section 67(3), constituting deemed public issue.
  Violation of Section 67(3) affirmed · Penalty reduced from Rs. 40 lakhs (Rs. 10 lakhs each) to Rs. 8 lakhs total payable by appellants
  Appeal: Appeal Nos. 787, 788, 789 and 790 of 2022 decided on 14.11.2022 - partly allowed with penalty reduction
• Preferential allotment to 191 entities in 4 tranches deemed public issue in violation of first proviso to Section 67(3) of Companies Act, 1956.
  Violation affirmed but penalty reduced from Rs 40 lakhs to Rs 8 lakhs payable by appellants · Appeals partly allowed
  Appeal: Appeal Nos. 787, 788, 789 and 790 of 2022 decided on 14.11.2022 - partly allowed, violation affirmed, penalty reduced
• SAT matter SATV-FA888D0F9F356EBA3B72BDF0
  Appeals and Misc. Applications disposed as withdrawn keeping all contentions open · BSE to permit appellants to make submissions on all issues in impugned order dated 05.08.2015 including compulsory market making
  Appeal: Appeal Nos. 205, 209, 210 and 211 of 2016 with Misc. Applications 151, 153, 154, 155, 162, 163, 164, 165 of 2016 disposed as withdrawn on 02.08.2016
• SAT matter SATV-737FF8C5246B997517FE7364
  Appeals to be taken up together against a common order · Appellants to file a copy of the Adjudicating Officer's order in the matter of Trinity Tradelink Limited
  Appeal: Appeal Nos. 787, 788, 789 and 790 of 2022; order dated 7 November 2022; matters adjourned for admission on 9 November 2022
• Proceedings following SEBI order dated 29.06.2015; BSE alleged non-compliance with DAC order conditions on trading suspension, migration bar and compulsory market making.
  Dispose Appeals 210, 205, 209, 211 of 2016 and Misc Applications 154,164,151,162,153,163,155,165 of 2016 as withdrawn · Direct BSE to permit appellants to make submissions on impugned order dated 05.08.2015 including compulsory market making
• Preferential allotment of 39,50,000 shares to 191 entities in 4 tranches breaching 49-person limit under first proviso to Section 67(3), constituting deemed public issue.
  Violation affirmed but penalty reduced from Rs. 40 lakhs to Rs. 8 lakhs payable by appellants · Appeals No. 787-790 of 2022 partly allowed
  Appeal: Appeal Nos. 787, 788, 789 and 790 of 2022 decided on 14.11.2022; partly allowed with penalty reduction
• Non-compliance with BSE DAC order dated 05.08.2015 on trading suspension, main-board migration bar and compulsory market making pending SEBI proceedings of 29.06.2015
  Appeals and Misc Applications disposed as withdrawn keeping all contentions of both sides open · BSE to permit appellants to make submissions on all issues in impugned order dated 05.08.2015 including continuance of compulsory market making and pass appropriate order
  Appeal: Appeal Nos. 210, 205, 209, 211 of 2016 with Misc Applications 154,164,151,162,153,163,155,165 of 2016 disposed as withdrawn on 02.08.2016