P. G. Electroplast Ltd.

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

SEBI impugned order 11 March 2014 barred appellants from securities market for 10 years

SAT-appeal

Non-disclosure of material IPO information (ICDs, Board Resolution, land/raw-material agreements) and diversion of IPO proceeds via ICDs/advances to fund IPO subscription and create artificial volume and price rise.
10-year prohibition from raising capital and dealing in securities market per impugned order 11 Mar 2014 · Recall all unrecovered moneys and submit report to SEBI
Appeal: Appeal Nos. 144,147,159,183,184 of 2014 with Misc. Application 343 of 2015 before SAT; hearing 24.06.2016, decision 30.08.2016
Non-disclosure of material info in IPO offer documents and diversion of IPO proceeds via ICDs/advances to fund IPO subscription and create artificial volume/price.
SEBI impugned order 11 March 2014 barred appellants from securities market for 10 years · Prohibited appellant from raising capital from securities market
Appeal: Appeal Nos. 144, 147, 159, 183, 184 of 2014 with Misc Application 343 of 2015; heard 24.06.2016, decision 30.08.2016

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Source: SecMarx — P. G. Electroplast 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.