Narayan Suppliers Pvt. Ltd. and Mayurpankh Vincom Pvt. Ltd.
Penalties and directions recorded
- AO penalties were reduced to 50% of the amount computed.
- Reduced penalties to be paid by each appellant within four weeks from 8 July 2022.
- AO penalties were reduced to 50% of the amounts computed
- Reduced penalties to be paid within four weeks from 8 July 2022
SAT-appeal
- Failure by promoter entities to disclose their shareholding upon becoming promoters and subsequent changes in shareholding to the company and BSE within the prescribed time; incorrect disclosures were also alleged.Violations under Regulations 13(2A), 13(4A) and 13(5) were affirmed. · AO penalties were reduced to 50% of the amount computed.Appeal: Appeal Nos. 358, 359, 360, 361, 362, 363 and 364 of 2022 were partly allowed on 8 July 2022; delay was condoned.
- Failure by new promoters to disclose their shareholding and subsequent changes in shareholding to the company and BSE within the prescribed time; incorrect disclosures were also alleged.Violations under Regulations 13(2A), 13(4A) and 13(5) were affirmed · AO penalties were reduced to 50% of the amounts computedAppeal: Appeal Nos. 358 to 364 of 2022, decided partly in favour of appellants on 8 July 2022; delay condoned and penalties reduced
Source: SecMarx — Narayan Suppliers Pvt. Ltd. and Mayurpankh Vincom Pvt. Ltd.. 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.