Panther Fincap & Management Services Ltd.
Penalties and directions recorded
- AO had imposed maximum penalty of Rs. 5 lakhs for Regulation 7 violation; SAT reasoning finds bald concert allegation insufficient
SAT-appeal
- SAT matter SATV-0F9B9053F46A4BCE49016664Appeal No. 149 of 2007 dismissed as withdrawn.Appeal: Appeal No. 149 of 2007 withdrawn and dismissed on 22 October 2007.
- Alleged acting in concert with five Ketan Parekh entities to acquire >5% shares/voting rights of Adani Exports Ltd. without disclosing aggregate holding under Regulation 7 of Takeover Code.AO had imposed maximum penalty of Rs. 5 lakhs for Regulation 7 violation; SAT reasoning finds bald concert allegation insufficient
Source: SecMarx — Panther Fincap & Management Services 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.