Ms. S. Parvathi

SAT-appeal

• Fraudulent issuance of duplicate/counterfeit share certificates for shares already pledged with Karnataka State Financial Corporation, followed by transfer and dematerialization, in violation of the SEBI FUTP Regulations.
  Appeal No. 67 of 2008 dismissed; SEBI order dated 28 March 2008 upheld. · Five-year restraint from accessing the securities market and from buying, selling or dealing in securities directly or indirectly upheld.
  Appeal: Appeal No. 67 of 2008 decided by SAT on 18 November 2008; appeal dismissed. Connected Appeal No. 77 of 2008 by P.S. Murali was also considered in the order; disposition is not included in the provided text.
• Alleged issuance of duplicate shares to original allottees knowing the shares were pledged with KSFC as additional security
  Appeal dismissed as premature with all issues left open · Board directed to conclude investigations expeditiously and finally decide appellants objections
  Appeal: Appeal No. 156 of 2007 with Misc. Application No. 28 of 2007 decided on 19.11.2007 - dismissed as premature