Jayanta Kumar Basu

SAT-appeal

• Alleged unauthorized collection of investor monies by Basil International Limited via issuance of redeemable preference shares requiring refund with promised returns.
  WTM order dated 6 February 2015 quashed and set aside qua appellant Jayanta Kumar Basu. · SEBI granted liberty to pass fresh order on merits and in accordance with law after hearing appellant.
  Appeal: Appeal No. 321 of 2015 disposed on 28 March 2016; clarification order dated 5 April 2016
• Illegal collection of money from investors through issuance of Redeemable Preference Shares by Basil International Ltd in violation of public issue norms.
  Appeal dismissed; WTM order dated November 1, 2016 upheld · Appellant and other entities to jointly and severally refund money collected via RPS of BIL
  Appeal: Appeal No. 26 of 2017 dismissed on 18.08.2017 with no order as to costs
• Collection of monies from investors through issuance of redeemable preference shares with promised returns requiring refund
  Impugned WTM order dated 6 February 2015 quashed and set aside qua appellant Jayanta Kumar Basu · SEBI at liberty to pass fresh order on merits and in accordance with law after hearing appellant
  Appeal: Appeal No. 321 of 2015 decided 28/03/2016 and disposed; clarification order dated 05/04/2016
• Being Director of Basil International Ltd and held jointly and severally liable along with other Directors under SEBI WTM order.
  Review Application No. 7 of 2017 rejected · Dismissal of Appeal No. 26 of 2017 vide order dated August 18, 2017 confirmed
  Appeal: Appeal No. 26 of 2017 dismissed on August 18, 2017; Review Application No. 7 of 2017 against it rejected on 02.11.2017