Nazima Impex Pvt. Ltd.

SAT-appeal

• Delay of 6–7 days in paying the Rs. 4 lakh penalty directed by SAT's order dated 14 July 2016.
  Time for payment of the penalty was extended up to 31 August 2016. · SEBI was directed to accept the penalty amounts in full and final settlement of the 14 July 2016 order.
  Appeal: Misc. Applications Nos. 185, 252, 253, 254, 255 and 256 of 2016 in Appeal Nos. 26, 42, 138, 145, 146 and 161 of 2016 disposed of on 25 October 2016.
• SAT matter SATV-1B14DB5D1494473C4D4F27F7
  Time for payment of the Rs. 4 lakh penalty was extended until 31 August 2016. · SEBI directed to accept the penalty amounts in full and final settlement of the 14 July 2016 order.
  Appeal: Misc. Applications Nos. 185, 252, 253, 254, 255 and 256 of 2016 in Appeal Nos. 26, 42, 138, 145, 146 and 161 of 2016 disposed of on 25 October 2016.
• Alleged failure to disclose acquisition causing shareholding to exceed 5% under the Takeover and PIT Regulations, and failure to furnish information and appear pursuant to SEBI summons.
  Penalties for alleged disclosure violations under the 1997 Regulations and PIT Regulations quashed and set aside. · Penalties for violating Sections 11C(3) and 11C(5) upheld.
  Appeal: Appeal Nos. 22, 26, 42, 138, 145, 146 and 161 of 2016 disposed of by SAT on 14 July 2016
• SAT matter SATV-3020BD8277E3E03B9C8DA8FA
  Time for payment of penalty extended till 31/08/2016 · SEBI directed to accept penalty amount in full and final settlement of order dated 14 July 2016
  Appeal: Misc. Applications Nos. 185, 252-256 of 2016 in Appeals Nos. 26, 42, 138, 145, 146, 161 of 2016 disposed of on 25/10/2016
• SAT matter SATV-4A10079DB6ED833EFACAAB06
  Extend time for payment of penalty till 31/08/2016 · Direct SEBI to accept penalty amount in full and final settlement of order dated 14 July 2016
  Appeal: Misc. Application Nos. 185, 252, 253, 254, 255, 256 of 2016 in Appeal Nos. 26, 42, 138, 145, 146, 161 of 2016 disposed on 25/10/2016 with no order as to costs
• SAT matter SATV-714034EA6D169F70E641D02A
  Time for penalty payment extended till 31/08/2016 and SEBI directed to accept amount in full and final settlement of order dated 14/07/2016 · All Misc. Applications disposed of with no order as to costs
  Appeal: Misc. Application Nos. 185, 252, 253, 254, 255, 256 of 2016 in Appeal Nos. 26, 42, 138, 145, 146, 161 of 2016 disposed of on 25/10/2016 with no order as to costs
• Acquiring 1,69,50,000 shares of Mahan Industries on 20.02.2010 exceeding 5% without disclosure under SAST and PIT; failure to furnish info and appear on SEBI summons under 11C(3) and 11C(5).
  Penalty u/s 15A(b) for SAST 1997 and PIT violations quashed and set aside for all appellants · Penalty u/s 15A(a) for 11C(3) violation (Rs 2 lakh) upheld
  Appeal: Appeal Nos. 22, 26, 42, 138, 145, 146 and 161 of 2016 decided on 14.07.2016; 15A(b) penalties set aside, 15A(a) penalties upheld
• Failure to disclose >5% holding in Mahan Industries on 20 Feb 2010 allotment under SAST/PIT and failure to furnish info and appear before IO under summons in violation of 11C(3)/11C(5).
  Penalty u/s 15A(b) for SAST 1997 and PIT violations quashed and set aside for all appellants · Penalty u/s 15A(a) for 11C(3) and 11C(5) violations upheld at Rs 2 lakh each
  Appeal: Appeal Nos. 22, 26, 42, 138, 145, 146 and 161 of 2016 disposed by common SAT order dated 14.07.2016
• Alleged failure to disclose acquisition exceeding 5% under the takeover and insider trading regulations, and failure to furnish information and appear pursuant to SEBI summons under Sections 11C(3) and 11C(5).
  Penalties for alleged takeover and PIT disclosure violations were quashed and set aside. · Penalties for violations of Sections 11C(3) and 11C(5) were upheld for each appellant.
  Appeal: Appeal Nos. 22, 26, 42, 138, 145 and 146 of 2016 were disposed of on 14 July 2016; the text also refers to Appeal No. 161 of 2016 in the common decision.
• SAT matter SATV-C63D1BEE317FC5CCC81E73B7
  Extended time for penalty payment till 31/08/2016 · Directed SEBI to accept penalty in full and final settlement of order dated 14/07/2016
  Appeal: Misc. Application Nos. 185, 252, 253, 254, 255, 256 of 2016 in Appeal Nos. 26, 42, 138, 145, 146, 161 of 2016 disposed on 25/10/2016