Mr. Vakamulla Chandra Shekhar
Penalties and directions recorded
- WTM: appellants restrained from accessing securities market for 4 years
- AO 10 Feb 2020: monetary penalties from Rs.5 lakh to Rs.5 crore on appellants
- SAT: found no infirmity in SEBI findings on diversion (full operative truncated)
- WTM: appellants restrained from accessing securities market for 4 years
- AO 10 Feb 2020: penalties from Rs.5 crore to Rs.5 lakh on different appellants
SAT-appeal
- Diversion/misutilisation of SME IPO proceeds of ~Rs.15.40 cr to promoter group entities behind investors' back in violation of prospectus objects and PFUTP.WTM 29 May 2019: Tarini to bring back diverted amount to company with interest · WTM: appellants restrained from accessing securities market for 4 years
- Diversion/mis-utilisation of approx Rs.15.40 cr SME IPO proceeds to promoter group entities/third parties contrary to prospectus objects, including funding purchase of own shares.WTM 29 May 2019: appellant No.1 to bring back diverted amount to company with interest · WTM: appellants restrained from accessing securities market for 4 years
Source: SecMarx — Mr. Vakamulla Chandra Shekhar. 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.