Manisha B. Kadhi
Penalties and directions recorded
- Prayer to quash SEBI circulars dated November 30, 2015 and October 20, 2016 rejected as superseded by May 3, 2018 circular and not justiciable before SAT
- Prayer to quash SEBI circulars dated 30 Nov 2015 and 20 Oct 2016 rejected as superseded by circular dated 3 May 2018
- Contention that 2% passive promoters not liable rejected
- Prayer to quash SEBI circulars dated November 30, 2015 and October 20, 2016 rejected as not maintainable
- Freezing of 2% promoters upheld as valid under Regulation 98 LODR with circular dated May 3, 2018
SAT-appeal
- Subway Finance & Investment failed to submit quarterly audit results under Regulation 33 LODR for two consecutive quarters September 2018 and December 2018 leading to freezing of promoter/promoter group demat accounts.Delay in filing Appeal Nos. 135, 136, 137 of 2020 condoned and applications allowed · Prayer to quash SEBI circulars dated November 30, 2015 and October 20, 2016 rejected as superseded by May 3, 2018 circular and not justiciable before SAT
- Subway Finance & Investment failed to submit quarterly audit results under Regulation 33 of LODR for September 2018 and December 2018 quarters leading to freezing of promoter/promoter group demat accounts.Delay condoned and Misc. Applications No. 16-18 of 2020 allowed · Prayer to quash SEBI circulars dated 30 Nov 2015 and 20 Oct 2016 rejected as superseded by circular dated 3 May 2018
- Subway Finance & Investment failed to submit quarterly audit results under Regulation 33 LODR for two consecutive quarters September 2018 and December 2018.Delay in filing Appeals No. 135, 136, 137 of 2020 condoned · Prayer to quash SEBI circulars dated November 30, 2015 and October 20, 2016 rejected as not maintainable
Source: SecMarx — Manisha B. Kadhi. 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.