Mrs. Sheila Shekar
Penalties and directions recorded
- Penalty of Rs.5 lakhs each under Section 15HA confirmed
SAT-appeal
- Inflating sales/purchases and publishing false financials of Arvind Remedies Ltd to artificially inflate price and selling shares via connected entities.Appeal Nos.415,431,432 of 2024 dismissed on delay and merits · Penalty of Rs.5 lakhs each under Section 15HA confirmedAppeal: Appeal Nos.415,431,432 of 2024 with Misc. Appl. 275,267,268 of 2024 heard/reserved 21 Aug 2024, dismissed 23 Oct 2024
- Alleged participation in manipulation of Arvind Remedies Ltd.'s securities through misleading financial statements, inflated sales and purchases, and transactions through connected or controlled entities. Penalty was imposed under Section 15HA.Appeal Nos. 415, 431 and 432 of 2024 dismissed on delay and merits · Miscellaneous Applications Nos. 267, 268 and 275 of 2024 disposed ofAppeal: Appeal Nos.415, 431 and 432 of 2024 dismissed by SAT on 23 October 2024; interlocutory applications disposed of.
Source: SecMarx — Mrs. Sheila Shekar. 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.