Parsoli Corporation Ltd.
Penalties and directions recorded
- Appeal No. 62 of 2019 dismissed as not maintainable as AO penalty order was against directors, not company
- Appeal dismissed and AO penalty of Rs 15 lacs upheld as just and appropriate
SAT-appeal
- Appeal against SEBI's restraint order and handling of complaints concerning alleged forged transfers, refusal to dematerialize shares, and alleged portfolio management activities.Appeal dismissed · No order as to costsAppeal: Appeal No. 40 of 2009 dismissed by SAT on 30 June 2009; SAT held that the appellant lacked locus standi.
- SAT matter SATV-848E374A13FECB3285EF8DE5Dismissed as withdrawnAppeal: Appeal No. 1 of 2009 dismissed as withdrawn on 11.6.2009
- Non-compliance with SEBI WTM direction dated July 27, 2010 to make an open offer, affirmed by Supreme Court of India.Appeal No. 62 of 2019 dismissed as not maintainable as AO penalty order was against directors, not companyAppeal: Appeal No. 62 of 2019 with Misc. Application No. 67 of 2019 dismissed as not maintainable on 28.01.2020
- Stockbroker failed client due diligence and facilitated artificial volume and price rise in illiquid DSIL shares sold without holding.Appeal dismissed and AO penalty of Rs 15 lacs upheld as just and appropriateAppeal: Appeal No. 134 of 2018 dismissed on 09.12.2019
Source: SecMarx — Parsoli Corporation 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.