Radheshyam Lodh

SAT-appeal

• Failure by deemed persons acting in concert to make disclosures under Regulations 29(1), 29(2) and 29(3) of the SAST Regulations after acquisitions exceeding the prescribed thresholds.
  Appeal Nos. 358 to 362 of 2014 dismissed · Common adjudication order imposing penalty upheld
  Appeal: Appeal Nos. 358, 359, 360, 361 and 362 of 2014 dismissed by SAT on 15 June 2015.
• Failure by deemed persons acting in concert to make required shareholding disclosures after acquisitions exceeding the applicable thresholds under Regulations 29(1) and 29(2) read with Regulation 29(3) of the SAST Regulations, 2011.
  Appeal Nos. 358 to 362 of 2014 dismissed. · Common adjudication order dated 22 July 2014 upheld.
  Appeal: Appeal Nos. 358, 359, 360, 361 and 362 of 2014 dismissed by SAT on 15 June 2015.
• Failure by deemed PACs to disclose acquisition of Kanel Oil and Exports Industries shares when collective holding rose over 5% on 11 April 2012 and on further acquisitions under Reg 29.
  Appeal Nos. 358, 359, 360, 361, 362 of 2014 dismissed · AO penalty of Rs.8 lakh jointly and severally upheld
  Appeal: Appeal Nos. 358-362 of 2014 dismissed by SAT on 15/06/2015
• Deemed PACs failed to disclose acquisition of Kanel Oil shares when collective holding increased by over 5% and on subsequent acquisitions under Reg 29.
  All Appeals Nos.358-362 of 2014 dismissed; Rs.8 lakh penalty jointly and severally confirmed · No order as to costs
  Appeal: Appeal Nos.358-362 of 2014 disposed on 15/06/2015 - dismissed
• Failure by deemed PACs to disclose acquisitions of Kanel Oil shares crossing 5% limit under Regulation 29(1)/29(2) read with 29(3) of SAST Regulations, 2011.
  Appeal Nos. 358, 359, 360, 361 and 362 of 2014 dismissed · Common adjudication penalty of Rs.8 lakh jointly and severally upheld
  Appeal: Appeal Nos. 358 to 362 of 2014 dismissed by SAT order dated 15/06/2015