Master Capital Services Ltd.
Penalties and directions recorded
- List the matters on 21 June 2023
- Matters adjourned on the respondent's counsel's request
- List the matters on 11 November 2022
- Appellant directed to deposit 100% of the penalty amount within four weeks from 23 April 2024.
- No further coercive action if the penalty amount is deposited.
SAT-appeal
- SAT matter SATV-00306D0E6EB05EB431EC27CFAppeal No. 747 of 2021 was directed to be listed on 29 July 2022Appeal: Appeal No. 747 of 2021 was pending and directed to be listed on 29 July 2022; no disposal on merits stated.
- SAT matter SATV-003852B76B06BD2E89FB8054Matter adjourned; call on July 30, 2026Appeal: Appeal No. 86 of 2025; order dated 16 June 2026 adjourned the matter to 30 July 2026
- SAT matter SATV-03B25173BA676F783EF6CC44Matter adjourned and directed to be listed on 11 March 2025 at 10:30 a.m.Appeal: Appeal No. 747 of 2021 was listed before SAT on 7 February 2025 and adjourned to 11 March 2025 at 10:30 a.m.; no disposal on merits mentioned.
- Alleged unregistered provision of portfolio management services during July–September 2006, in violation of Regulation 3 of the PMS Regulations read with Section 12 of the SEBI Act.Impugned SEBI order dated 15 July 2015 quashed and set aside · Matter restored to the WTM for fresh considerationAppeal: Appeal No. 420 of 2015 allowed by SAT on 26 July 2016; impugned order quashed and matter remanded for fresh consideration.
- SAT matter SATV-097AA1C0B5CB9840F9ED0C6CAppeal adjourned at the appellant's request · Matter listed for 8 October 2021Appeal: Appeal No. 322 of 2021; order dated 30 August 2021 adjourned the matter and listed it for 8 October 2021
- SAT matter SATV-0F7882C0E85790E8D1639613Three weeks granted to the appellant to file rejoinder · Matter listed by consent on 13 August 2025Appeal: Appeal No. 86 of 2025 pending; listed for 13 August 2025. Miscellaneous Application No. 495 of 2025 disposed of on 10 June 2025.
- SAT matter SATV-153037C327648438CA95A908List the matters on 21 June 2023 · Parties to act on the digitally signed copy of the orderAppeal: Appeal Nos. 747 of 2021, 203 of 2022, 381 of 2022 and 55 of 2023 were listed; no disposal on merits. Miscellaneous Application No. 245 of 2023 was also listed.
- SAT matter SATV-14BFBF47F862F391E936F988Matters adjourned on the respondent's counsel's request · List the matters on 11 November 2022Appeal: Appeal Nos. 747 of 2021, 203 of 2022 and 381 of 2022 were adjourned on 30 September 2022 and listed for 11 November 2022; no final disposal stated.
- SAT matter SATV-223C782F49C14A1A7E363264Connect with Appeal No. 216 of 2024 and list on 21 June 2024. · Appellant directed to deposit 100% of the penalty amount within four weeks from 23 April 2024.Appeal: Appeal No. 94 of 2024; connected with Appeal No. 216 of 2024 and listed for 21 June 2024; stay application disposed of
- Issue concerning restrictions on dealings in an IPO and the appellant's request to sell shares to recover client dues while SEBI investigations continued.Appeal allowed in terms of directions in SAT Appeal No. 161 of 2012. · Appellant may sell M and B Switchgears Ltd. shares to the extent necessary to realize dues from the client.Appeal: Appeal No. 47 of 2013 allowed on 15 April 2013; delay of about 23 days condoned through Miscellaneous Application No. 22 of 2013.
- SAT matter SATV-2535B408ED5BAD08BFD38338Appeal No. 322 of 2021 dismissed for want of prosecutionAppeal: Appeal No. 322 of 2021 dismissed for want of prosecution on 28 July 2022
- SAT matter SATV-2E67EDE2E550EE7799C7BABBMiscellaneous Application No. 125 of 2024 listed for 23 April 2024Appeal: Miscellaneous Application No. 125 of 2024 in Appeal No. 94 of 2024; listed for 23 April 2024; not disposed of in this order
- SAT matter SATV-1BE2A133E175E64E4C04AA01By consent, list the appeals on 25 April 2025 at 10:30 a.m. before the appropriate benchAppeal: Appeal Nos. 747 of 2021, 203 of 2022, 381 of 2022 and 55 of 2023 were listed by consent for further hearing on 25 April 2025; not disposed of in this order.
- SAT matter SATV-3EBB70C8D22C7486FD15AA67Appeal Nos. 747 of 2021, 203 of 2022, 381 of 2022 and 55 of 2023 were adjourned. · All appeals were directed to be listed and heard together on 21 October 2024.Appeal: Order dated 26 September 2023 records adjournment in Appeal Nos. 747 of 2021, 203 of 2022, 381 of 2022 and 55 of 2023; appeals were to be heard together on 21 October 2024.
- SAT matter SATV-29069A05C9D6F3CA65DE1A8EBy consent, all clubbed appeals adjourned and to be called on 13.08.2026Appeal: Appeal Nos. 094, 216, 248, 249, 250, 276, 277 of 2024 pending before SAT; Misc Application No. 666 of 2024 pending; adjourned to 13.08.2026
- SAT matter SATV-37BCB7CCB299BB6BA4D0690FAdjourned on request of the appellant · List on 20 July 2023Appeal: Appeal Nos. 747/2021, 203/2022, 381/2022, 55/2023 with Misc Application 245/2023 pending; adjourned to 20 July 2023
- SAT matter SATV-4130DF7D86A4B90E8B50AD2CAdjournment granted by consent; matter to be called on June 16, 2026Appeal: Appeal No. 86 of 2025 with Misc. Application No. 495 of 2025 pending; adjourned to June 16, 2026 vide order dated 09.04.2026, not disposed
- SAT matter SATV-3B00283286F79D309AF056F2Call on July 30, 2026Appeal: Appeal No. 86 of 2025 with Misc. Application No. 495 of 2025 pending; adjourned to July 30, 2026 per order dated 16.06.2026
- SAT matter SATV-41E04AD037D111ABA110793EDelay in filing the reply was condoned. · Reply was taken on record.Appeal: Appeal Nos. 747 of 2021, 203 of 2022, 381 of 2022 and 55 of 2023 were pending; listed for admission and final disposal on 15 December 2023. Misc. Application No. 245 of 2023 was allowed.
- SAT matter SATV-624BFE6E1CFC2E5A9AFF5D2FBy consent, matters to be called on 21.11.2024Appeal: Appeal Nos. 94, 216, 248, 249, 250, 276, 277 of 2024 against NSE pending; adjourned to 21.11.2024 by consent
- SAT matter SATV-8F10BAA50C2CDF649FC3F4D9Heard in part; listed for further hearing on 24.03.2025 and 25.03.2025 at 10.30 a.m.Appeal: Appeal No. 747 of 2021 heard in part on 12.03.2025; pending, next hearing 24.03.2025 and 25.03.2025
- SAT matter SATV-8A2C7576DC293D48336BB269List / adjourned to July 28, 2022Appeal: Appeal No. 322 of 2021 pending, next listing on July 28, 2022
- SAT matter SATV-937127F4A11541386BD4F75ADelay in filing reply condoned; application allowed · Rejoinder noted as already filedAppeal: Appeal Nos. 747 of 2021, 203 of 2022, 381 of 2022 and 55 of 2023 pending; adjourned to August 30, 2023 vide SAT order dated 20.07.2023
- SAT matter SATV-9439D12B4BF8FCCF8E96D94DAdjournment granted by consent; matters to be called on September 26, 2024Appeal: Appeal Nos. 747 of 2021, 203 of 2022, 381 of 2022 and 55 of 2023 pending before SAT; adjourned to September 26, 2024 by order dated 30.07.2024
- SAT matter SATV-A6E05DBF638790D52647F76ABy consent, matter to be called on March 12, 2025 at 10:30 a.m.Appeal: Appeal Nos. 747 of 2021, 203 of 2022, 381 of 2022 and 55 of 2023 pending; adjourned by consent to 12.03.2025
- SAT matter SATV-97B133260511187B490B4A88List for admission on February 7, 2024 subject to removal of all office objectionsAppeal: Misc. Application No. 125 of 2024 and Appeal Lodging No. 50 of 2024 mentioned on 01.02.2024, listed for admission on 07.02.2024
- SAT matter SATV-A010B8BA96E043CBD9184228Order dated December 7, 2021 recalled · Misc. Application No. 864 of 2022 allowedAppeal: Misc. Application No. 864 of 2022 in Appeal No. 322 of 2021 allowed; order dated December 7, 2021 recalled; appeal restored, listed for 15 November 2022
- SAT matter SATV-B48C3F662A95C7A65242DEABListed on June 10, 2022 · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual chargesAppeal: Appeal No. 747 of 2021 pending; adjourned vide order dated 18.04.2022 to June 10, 2022
- SAT matter SATV-C1545C1D4F4186BDA179A7E0Three weeks further time allowed to the appellant to file rejoinder · Two weeks time allowed to respondent in Appeal No.55 of 2023 to file replyAppeal: Appeal Nos. 747 of 2021, 203 of 2022, 381 of 2022, 55 of 2023 with Misc. Application No.655 of 2022 pending before SAT; adjourned to 20 February 2023, not disposed
- SAT matter SATV-B6D802C2357B253CADB733A4Adjourned on request of learned counsel for respondent SEBI · List matters on November 11, 2022Appeal: Appeal No. 747 of 2021, Appeal No. 203 of 2022 with Misc. Application No. 655 of 2022, and Appeal No. 381 of 2022 pending; adjourned to November 11, 2022 with no disposal
- SAT matter SATV-C6E496D49B45D5564BD4BEA7Adjourned Appeal No. 55 of 2023 on request of appellant's counsel · Matter listed on April 27, 2023Appeal: Appeal Nos. 747 of 2021, 203 of 2022, 381 of 2022 and 55 of 2023 pending before SAT; Appeal No. 55 of 2023 adjourned to April 27, 2023
- SAT matter SATV-BCAC52EA780FDEEB8A60AD57Heard in part · Listed for further hearing on 18.12.2024Appeal: Appeal No. 747 of 2021 heard in part on 10.12.2024, next hearing 18.12.2024
- SAT matter SATV-C165E6BFD2FFFFE92012E4FCTime sought in Appeal No. 276 of 2024 noted · Three weeks granted to file rejoinder in Appeal No. 216 of 2024Appeal: Appeal Nos. 94, 276, 277, 216, 248, 249, 250 of 2024 against NSE pending; adjourned to 27.09.2024
- SAT matter SATV-C5E09537825019644F0D025DThree weeks further time allowed to appellant to file rejoinder · List on 20 February 2023Appeal: Appeal No.747 of 2021, Appeal No.203 of 2022, Appeal No.381 of 2022 and Appeal No.55 of 2023 with Misc. Application No.655 of 2022 pending; adjourned to 20 February 2023 per order dated 19 January 2023
- SAT matter SATV-56A99C698C362C370AD39FB6Appeal adjourned on the appellant's request · Matter listed for 13 September 2022Appeal: Appeal No. 747 of 2021 was adjourned on 11 August 2022; next listing fixed for 13 September 2022
- SAT matter SATV-DA6EC3A7725949B9A0C1490FMatter adjourned by consent to 27.10.2025 after respondent counsel sought timeAppeal: Appeal Nos. 094, 216, 248, 249, 250, 276, 277 of 2024 pending; adjourned to 27.10.2025 with no disposal on 04.09.2025
- SAT matter SATV-D77C1E37C8269FB17326ED8BThree weeks time granted to file rejoinder · Matters to be listed on September 4, 2025 by consentAppeal: Appeal Nos. 94, 216, 248, 249, 250, 276, 277 of 2024 pending before SAT; adjourned to September 4, 2025
- SAT matter SATV-E69C42AF6A2A784F2A25D231Three weeks further time allowed to appellant to file rejoinder · Matter listed on 20 February 2023
- SAT matter SATV-F05E44DDA40CB9F135752DC0Matter adjourned and listed on 18th April, 2022 · Parties to contact Registrar 48 hours before date fixed for mode of hearingAppeal: Appeal No.747 of 2021 pending before SAT; order dated 15.2.2022 adjourning to 18 April 2022
- SAT matter SATV-FD78610D766CFC0FC7443D92Delay in filing reply by respondent condoned and reply taken on record · Rejoinder taken on recordAppeal: Appeal Nos. 747 of 2021, 203 of 2022, 381 of 2022 and 55 of 2023 pending; adjourned to 05.02.2024
- SAT matter SATV-FCD91446BB108FF94020CF4EAdjourned due to non-availability of the bench · Listed for final disposal on April 2, 2024Appeal: Appeal Nos. 747 of 2021, 203 of 2022, 381 of 2022 and 55 of 2023 adjourned on 05.02.2024 and listed for final disposal on April 2, 2024
- SAT matter SATV-62CF9871911DB9E585FD0CD7Three weeks further time allowed to appellant to file rejoinder · Two weeks time to respondent in Appeal No.55 of 2023 to file reply, rejoinder before next dateAppeal: Appeal Nos.747/2021, 203/2022, 381/2022, 55/2023 pending with Misc Application 655/2022; adjourned to 20 Feb 2023
- SAT matter SATV-6ADB5ACF1C031166F78358D0Matters adjourned by consent and to be called on 10.12.2024 as last chanceAppeal: Appeal Nos.747 of 2021, 203 of 2022, 381 of 2022, 55 of 2023 and Misc.Application No.245 of 2023 pending; adjourned to 10.12.2024 as last chance vide order dated 21.10.2024
- SAT matter SATV-719C63C3399378693458283DAdjourned on account of non-availability of the Bench and listed on 14th December, 2022 · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual chargesAppeal: Misc. Application No.655 of 2022 and Appeal No.203 of 2022 with Appeal No.747 of 2021 and Appeal No.381 of 2022 adjourned to 14 December 2022
- SAT matter SATV-7CE37096DFE74C71F3D7478EAdjourned on request of counsel for respondent SEBI · List matters on November 11, 2022Appeal: Appeal Nos. 747 of 2021, 203 of 2022, 381 of 2022 with Misc. Application No. 655 of 2022 adjourned on 30.09.2022; next date 11.11.2022
- SAT matter SATV-89FF7F861B40BD67A83011A7Adjourned by consent to April 2, 2025 at 10.30 a.m. before appropriate bench to allow respondent to complete instructionsAppeal: Appeal Nos. 747 of 2021, 203 of 2022, 381 of 2022, 55 of 2023 heard together on 24.03.2025 and adjourned to 02.04.2025; Misc. Application No. 383 of 2025 filed in Appeal No. 381 of 2022
- SAT matter SATV-8803D300C82B0E081B1B993FThree weeks time allowed for filing rejoinder · List on April 15, 2024 for stay application
- SAT matter SATV-8E298DD90CB2EE221706F809Order dated December 7, 2021 recalled and Misc. Application No. 1401 of 2021 allowed · Appeal No. 322 of 2021 restored to its original numberAppeal: Misc. Application No. 1401 of 2021 in Appeal No. 322 of 2021 allowed on 12.01.2022; appeal restored and listed for 15.02.2022
- SAT matter SATV-DE788DE412F62616365F9B5FPleadings noted as completed; matters posted for final disposal on February 20, 2026Appeal: Appeal Nos. 94, 216, 248, 249, 250, 276, 277 of 2024 against NSE pending before SAT; pleadings completed; adjourned to 20.02.2026 for final disposal vide order dated 27.10.2025
- SAT matter SATV-F1311491A359AA21413A4211Heard appellant counsel; matter to be called along with Appeal No. 203 of 2022 on 07.02.2025 for respondent sayAppeal: Appeal No. 747 of 2021 pending; respondent say awaited; next date 07.02.2025
Source: SecMarx — Master Capital Services 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.