Mr. Rajesh Mavani

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Company penalty reduced to Rs 15 lakh for LODR violation
Penalties on MD, CFO and 4 independent directors set aside
SEBI to refund excess over Rs 15 lakh from Rs 35 lakh deposit
Company penalty reduced to Rs 15 lakh for LODR violations
Penalties on MD/CEO, CFO and 4 Independent Directors set aside

SAT-appeal

Suspected shell company; misrepresentation of financials/accounting standards, misuse of funds/books, LODR disclosure lapses and non-cooperation; PFUTP fraud alleged.
Appeals partly allowed; LODR violation finding affirmed · Debarment reduced to period already undergone by appellants
Suspected shell company; misrepresentation of financials, misuse of funds/books, LODR disclosure lapses and non-cooperation; alleged PFUTP violation.
Appeals partly allowed affirming LODR violations · Debarment reduced to period already undergone
Appeal: Appeal Nos. 308 of 2022 and 402 of 2022 partly allowed on 19.07.2023

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Source: SecMarx — Mr. Rajesh Mavani. 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.