Pan Asia Advisors Limited

SAT-appeal

• The appellants were allegedly involved in conduct warranting debarment from rendering services in connection with securities in the Indian market or dealing with them.
  Appeal disposed of by consent/understanding between the parties. · SEBI directed to issue a supplementary or fresh show cause notice expeditiously.
  Appeal: Appeal No. 68 of 2012 disposed of by SAT on 13 September 2012; no costs.
• Fraudulent GDR subscription arrangement and monetisation via sale of underlying shares, creating false impression of foreign capital and misleading initial investor disclosures to exchanges.
  Barred from rendering services re securities as defined in Sec 2(h) SCRA, directly/indirectly, for 10 years from 20 June 2013 · Prohibited from accessing capital market directly/indirectly for 10 years, with set-off for ~1 year 8 months already undergone
  Appeal: Appeal No. 126 of 2013 reserved on 12.08.2013, decided on 30.09.2013 against SEBI order dated 20.06.2013
• SAT matter SATV-C4AA79A80E3858699D1B5D5C
  Appeal disposed without interference as matter is at show-cause notice stage · SEBI directed to pass final order within four weeks from 9.11.2011 on all issues including jurisdiction
  Appeal: Appeal No.191 of 2011 decided on 9.11.2011 and disposed of with no order as to costs