Hit Kit Global Solutions Ltd.

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeal withdrawn with liberty to pursue the representation pending before SEBI
Company penalty reduced to Rs 15 lakh for LODR violation
Penalties on MD, CFO and 4 independent directors set aside
SEBI to refund excess over Rs 15 lakh from Rs 35 lakh deposit
Company penalty reduced to Rs 15 lakh for LODR violations

SAT-appeal

SAT matter SATV-352558A24A233C2A03B4E0A8
Appeal withdrawn with liberty to pursue the representation pending before SEBI · SEBI directed to dispose of the representation within three weeks from 17 August 2017
Appeal: Appeal No. 192 of 2017 withdrawn and disposed of on 17 August 2017, with liberty to pursue the representation before SEBI
Suspected shell company; misrepresentation of financials/accounting standards, misuse of funds/books, LODR disclosure lapses and non-cooperation; PFUTP fraud alleged.
Appeals partly allowed; LODR violation finding affirmed · Debarment reduced to period already undergone by appellants
SAT matter SATV-AEE25539A813FD9AB2EB9297
Three weeks time allowed to appellants to file rejoinder · Matter listed on September 13, 2022
Appeal: Appeal No. 308 of 2022 with Misc. Application No. 555 of 2022 and Appeal No. 402 of 2022 pending; rejoinder stage; next date September 13, 2022
Suspected shell company; misrepresentation of financials, misuse of funds/books, LODR disclosure lapses and non-cooperation; alleged PFUTP violation.
Appeals partly allowed affirming LODR violations · Debarment reduced to period already undergone
Appeal: Appeal Nos. 308 of 2022 and 402 of 2022 partly allowed on 19.07.2023

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Source: SecMarx — Hit Kit Global Solutions 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.