Magnum Equity Broking Limited

7 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalty of Rs 7,50,000 for non-securities business struck down as not proved
Penalty of Rs 62,000 for other four violations affirmed
Effect and operation of impugned order stayed upon deposit of 50% of penalty amount

SAT-appeal

SAT matter SATV-0C55664D0CCC7A0895BC0BBE
Matter adjourned to enable the appellant to file additional documents regarding whether the transactions were inter-corporate deposits or loans to a third party. · Matter listed for 16 December 2022.
Appeal: Appeal No. 461 of 2022; order dated 5 December 2022; matter adjourned and not finally disposed of.
Engaging as principal in business other than securities involving personal financial liability by advancing funds to NBFC, plus incorrect reporting of holding statements, client details, CKYC and client funds.
Penalty of Rs 7,50,000 for non-securities business struck down as not proved · Penalty of Rs 62,000 for other four violations affirmed
Appeal: Appeal No. 461 of 2022 decided on 29.11.2023, partly allowed
SAT matter SATV-B604EE921C15318178A71AE7
Three weeks time allowed to appellant to file rejoinder · Matter listed on November 09, 2022
Appeal: Appeal No. 461 of 2022 pending before SAT; rejoinder stage; next listing November 09, 2022
SAT matter SATV-E67BE87C3EEA967F902857A2
List Appeal No. 461 of 2022 on December 5, 2022 · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual charges
Appeal: Appeal No. 461 of 2022 pending; listed for December 5, 2022 vide order dated 14.11.2022
SAT matter SATV-681D4D817CB7C946E60DDA1B
Bench not available; matter listed on November 14, 2022
Appeal: Appeal No. 461 of 2022 heard on 09.11.2022, adjourned to 14.11.2022, pending
SAT matter SATV-77F2DF46B3F38F58BCEECC01
List Appeal No. 461 of 2022 on January 27, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal No. 461 of 2022 pending before SAT; adjourned vide order dated 16.12.2022 to 27.01.2023
SAT matter SATV-D3B4FE33F3439B53FEE16E98
Effect and operation of impugned order stayed upon deposit of 50% of penalty amount · Affidavit in reply may be filed; rejoinder, if any, may be filed thereafter
Appeal: Appeal No. 461 of 2022 by Magnum Equity Broking Limited vs NSE; pending, conditional stay granted on 05.08.2022

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Source: SecMarx — Magnum Equity Broking Limited. 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.