Pinku Kumar Das

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Bar from securities market and associating with listed / fund-raising public company, plus 4 years after repayment

SAT-appeal

Alleged collection of money from investors by New Land Agro Industries Ltd through issuance of redeemable preference shares warranting refund with interest.
Impugned WTM order dated October 19, 2015 set aside qua appellant Pinku Kumar Das · Matter restored to file of WTM of SEBI for passing fresh order on merits and in accordance with law
Appeal: Appeal No. 2 of 2016 disposed on 09.08.2016 by remand to WTM for fresh order
Offer and allotment of Redeemable Preference Shares (RPS) to public without complying with public issue norms under Sections 56, 60, 73 Companies Act, 1956.
Jointly and severally refund RPS money with 15% p.a. compounded half-yearly from due date u/s 73(2) till payment · Provide updated inventory of assets, properties, bank, demat and physical share holdings
Appeal: Appeal No. 354 of 2017 with Misc. Application No. 329 of 2017 heard 31.01.2018 vs WTM order 02.06.2017; prior Appeal No. 2 of 2016 disposed 09.08.2016 remanding qua appellant

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Source: SecMarx — Pinku Kumar Das. 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.