Mr. Ramachandran Ramakrisshnan

SAT-appeal

• SEBI alleged that Pancard Clubs carried on a collective investment scheme through its hotel and resort time/room-sharing business without obtaining the required certificate of registration.
  Appeals challenged SEBI’s ex parte interim order dated 31 July 2014; the extracted text does not contain the Tribunal’s final operative directions or disposition.
  Appeal: Appeal Nos. 254 and 255 of 2014, with Miscellaneous Applications Nos. 104 and 105 of 2014; reserved on 4 September 2014. Decision dated 17 September 2014; disposition is not included in the extracted text.
• Alleged carrying on of time/room-sharing holiday schemes as unregistered Collective Investment Scheme without SEBI certificate.
  Impugned interim: not to collect fresh money from prospective customers · Impugned interim: not to launch new schemes or float new company
  Appeal: Appeal Nos. 254 and 255 of 2014 with Misc. Applications 104-105 of 2014 against ex-parte interim order dated 31 July 2014; reserved 04.09.2014, decided 17.09.2014
• SAT matter SATV-FCC9D917B57D461D6D666001
  Statements of both counsel accepted · Both Misc. Applications disposed of in above terms with no order as to costs
  Appeal: Misc. Application No. 308 of 2015 and Misc. Application No. 290 of 2015 in Appeal Nos. 254-255 of 2014 disposed on 16.10.2015 by SAT