Mr. Prabir Kumar Sarkar

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Joint and several aggregate penalty of Rs. 3 crore under Sections 15HA and 15HB was upheld.
Penalty of Rs. 5 lakh under Section 23H of the SCRA against Sandeep Baid was upheld.

SAT-appeal

Failure to disclose material information in the offer document and misuse/routing of IPO proceeds through a loan to RDB Realty & Infrastructure Ltd., allegedly violating ICDR and PFUTP requirements; Baid separately breached Clause 49 by chairing the Audit Committee.
Appeals against the AO's common order dated 06.08.2014 were disposed of. · Joint and several aggregate penalty of Rs. 3 crore under Sections 15HA and 15HB was upheld.
Appeal: Appeal Nos. 404, 403, 402 and 432 of 2014 decided by SAT on 26 July 2016; related appeals against the WTM order dated 19.12.2014 were stated to be heard along with these appeals.
SAT matter SATV-351188B078BABC789E8201BA
Appeal disposed of as infructuous with no order as to costs
Appeal: Appeal No. 401 of 2014 disposed as infructuous on 13.07.2016

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Source: SecMarx — Mr. Prabir Kumar Sarkar. 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.