Prem Somani Financial Services Ltd.

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Matters remitted to NSE's Defaulters Committee to pass fresh orders in accordance with law
Appeals allowed and matters remitted to Defaulters Committee to pass fresh orders in accordance with law
Appeals allowed; matters remitted to Defaulters Committee to pass fresh orders in accordance with law
Appeals allowed and remitted to Defaulters Committee of NSE to pass fresh orders in accordance with law

SAT-appeal

SAT matter SATV-2E0FA62FC444B2C88D8F75E0
Impugned communications dated 3 December 2019 and 19 May 2021 set aside · Matters remitted to NSE's Defaulters Committee to pass fresh orders in accordance with law
Appeal: Appeal Nos. 529, 530, 531 and 532 of 2021 allowed on 11 August 2021; matters remitted to the Defaulters Committee.
Rejection of claim application by NSE; appellants allege only Defaulters Committee competent to decide claim, not defaulter section
Delay condoned; Misc. Applications for delay allowed · Exemption from filing certified copy of impugned order allowed
Appeal: Appeal Nos. 529, 530, 531 and 532 of 2021 allowed on 11.08.2021; NSE communications set aside and remanded
Rejection of claim applications by NSE defaulter section vide communications dated Dec 3, 2019 and May 19, 2021; appellants allege required to be decided by Defaulters Committee.
Impugned communications dated December 3, 2019 and May 19, 2021 set aside · Appeals allowed; matters remitted to Defaulters Committee to pass fresh orders in accordance with law
SAT matter SATV-ED19CD77565A265548BB2F74
Delay in filing appeals condoned; Misc. Applications allowed · Exemption from filing certified copy of impugned order allowed
Appeal: Appeal Nos. 529, 530, 531 and 532 of 2021 with Misc. Applications 913-920 of 2021 allowed and remanded on 11.08.2021

Analyse these matters in Ontology · Plans

Source: SecMarx — Prem Somani Financial 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.