Parsoli Corporation Limited

7 matters before the Securities Appellate Tribunal

Penalties and directions recorded

WTM restrained Parsoli, Zafar Sareshwala and Uves Sareshwala from accessing or dealing in the securities market for seven years from 27 July 2010.
WTM restrained Zafar Sareshwala and Uves Sareshwala from serving as directors of listed companies for seven years from 27 July 2010.
Zafar and Uves were directed to make a public offer to acquire shares from public shareholders at the valuer-determined price within three months.
BSE was directed to facilitate valuation and compulsorily delist Parsoli if public shareholding fell below the minimum level.
For orders see Appeal No. 146 of 2010 decided on 12.8.2011

SAT-appeal

SAT matter SATV-086107395B967DF4D81C4B13
Appeal disposed of without examining merits · SEBI directed to conclude the pending enquiry at the earliest and no later than 31 July 2010, even if appellant does not file its reply
Appeal: Appeal No. 59 of 2010, decided on 6 May 2010; disposed of with directions without merits determination
Fraudulent transfer and dematerialisation of 80,800 shares belonging to 252 shareholders using forged signatures and fake or duplicate certificates; failure to maintain transfer work at a single point and failure to cooperate with SEBI investigation.
WTM restrained Parsoli, Zafar Sareshwala and Uves Sareshwala from accessing or dealing in the securities market for seven years from 27 July 2010. · WTM restrained Zafar Sareshwala and Uves Sareshwala from serving as directors of listed companies for seven years from 27 July 2010.
Appeal: Appeal No. 146 of 2010; decision dated 12 August 2011. The order also disposed of Appeals 112, 113, 145, 150 of 2010 and 77, 80, 81, 82 of 2011; earlier dismissal of five appeals was set aside by the Supreme Court on 2 May 2011 for separate disposal.
SAT matter SATV-CEF54B965CBF4A36401C06E7
For orders see Appeal No. 146 of 2010 decided on 12.8.2011
Appeal: Appeal No. 112 of 2010 decided on 12.8.2011 by SAT, Mumbai
SAT matter SATV-EE93FFC9E676678444DAE03C
For orders see Appeal No. 146 of 2010 decided on 12.8.2011
Appeal: Appeal No. 145 of 2010 decided on 12.8.2011 - disposed in terms of orders in Appeal No. 146 of 2010
SAT matter SATV-5E3C841D488D3838774C15B0
For orders see Appeal No. 146 of 2010 decided on 12.8.2011
Appeal: Appeal No. 82 of 2011 decided on 12.8.2011 - disposed by reference to Appeal No. 146 of 2010
SAT matter SATV-B81A10FDD644B58280BCFD0B
Delay of 535 days in filing Appeal No. 392 of 2015 condoned · Misc. Application No. 263 of 2015 disposed of accordingly
SAT matter SATV-B6ADA5A516431269AEAE73EA
Disposed in terms of Appeal No. 146 of 2010 decided on 12.8.2011
Appeal: Appeal No. 150 of 2010 decided on 12.8.2011, disposed in terms of Appeal No. 146 of 2010

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Source: SecMarx — Parsoli Corporation Limited. 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.