Himanshu Arora
Penalties and directions recorded
- Penalty of Rs. 2 lakh under Section 15HB affirmed.
- Penalty of Rs. 2 lakh under Section 19G of the Depositories Act affirmed.
- Penalty of Rs. 10 lakh under Section 15HA quashed.
- SEBI order dated 30 April 2024 imposing Rs. 2 lakh penalty upheld
- Parties to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
SAT-appeal
- Alleged fraudulent and unauthorized transfer of clients’ Mutual Fund units using purportedly unauthorized Delivery Instruction Slips, with false holding statements and failure by the appellant to prevent the fraud.Appeal partly allowed. · Three-year restraint from accessing the securities market affirmed.Appeal: Appeal No. 585 of 2021, decided on 25 February 2022; partly allowed.
- AFSPL and connected entities allegedly provided portfolio management services to Dalmia group entities without obtaining a SEBI certificate of registration. Himanshu Arora was charged as Director and Compliance Officer during the relevant period.Appeal No. 571 of 2024 dismissed · SEBI order dated 30 April 2024 imposing Rs. 2 lakh penalty upheldAppeal: Appeal No. 571 of 2024 dismissed by SAT on 14 January 2025.
- SAT matter SATV-BDAD3CA59ED7EC37B5720D7FOrder reserved after hearing learned counsel for parties · Parties to act on digitally signed copy sent by fax and/or emailAppeal: Appeal No. 585 of 2021 heard on 22.02.2022, order reserved, no final disposal yet
- SAT matter SATV-DDEBD44832BD972DE3B22951Call on October 18, 2024Appeal: Appeal No. 571 of 2024 by Himanshu Arora vs SEBI heard on 30.09.2024, adjourned to October 18, 2024 with no disposal
- SAT matter SATV-E81217C2459C63ABD31953BEAdjourned by consent to November 12, 2024Appeal: Appeal No. 571 of 2024 pending; adjourned on 18.10.2024 to 12.11.2024
- SAT matter SATV-509E113FF475AC554088E198Matter listed for admission and final disposal on 10 January 2022 · Parties to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearingAppeal: Appeal No. 585 of 2021 was pending; listed for admission and final disposal on 10 January 2022. Miscellaneous Application No. 1297 of 2021 was also before the Tribunal.
- SAT matter SATV-77CC1A1143D4F4DF160D39E0Adjourned and listed on February 22, 2022 · Parties to confirm mode of hearing from Registrar 48 hrs before fixed dateAppeal: Appeal No. 585 of 2021 pending before SAT; adjourned on 10.01.2022 to February 22, 2022
- Alleged fraudulent and unauthorised trades; appellant held to have failed as Compliance Officer with no finding of personal fraud yet penalised under Section 15HA.Respondent to file reply in three weeks, appellant rejoinder three weeks thereafter · Listed for admission and final disposal on 15 November 2021Appeal: Appeal No. 585 of 2021 by Himanshu Arora pending; interim relief granted on 14 September 2021; next date 15 November 2021
- SAT matter SATV-D7095578013EFB87BB685139Order reserved after hearing learned counsel for partiesAppeal: Appeal No. 571 of 2024 heard on 12.11.2024, order reserved
Source: SecMarx — Himanshu Arora. 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.