Neena Bansal

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalty of Rs. 10 lakhs payable jointly and severally by the noticees upheld.

SAT-appeal

Violations relating to non-submission of information, misuse of clients’ funds and securities, transfer of funds to an associated company, non-redressal of investor complaints, failure to conduct running-account settlement, and non-disclosure of DP account details to the stock exchange.
Miscellaneous Application No. 507 of 2023 allowed; order dated 28 March 2023 recalled and Appeal No. 241 of 2023 restored. · Appeal No. 241 of 2023 dismissed.
Appeal: Appeal No. 241 of 2023 dismissed by SAT on 9 June 2023; Misc. Application No. 507 of 2023 allowed and the appeal restored.
SAT matter SATV-241E9F913D7E09221FC58521
Appeal No. 241 of 2023 dismissed for want of prosecution
Appeal: Appeal No. 241 of 2023 dismissed for want of prosecution on 28 March 2023; Miscellaneous Application No. 180 of 2023 also listed.
Ficus engaged in misappropriation of client securities and funds, non-settlement of client accounts, false margin reporting, non-disclosure of DP accounts and deficient client credit balances.
Appeal dismissed without any order as to costs, confirmatory order upheld · Continued restraint from accessing and dealing in securities market and cease and desist
Appeal: Misc. Application No. 443 of 2019 allowed condoning delay; Appeal No. 362 of 2019 dismissed on 09.06.2021

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Source: SecMarx — Neena Bansal. 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.