Rapid Capital Services

SAT-appeal

• SAT matter SATV-270B815D7962E5D44CF505EC
  Appeal Lodging No. 738 of 2022 to be listed on 30 September 2022
  Appeal: Appeal Lodging No. 738 of 2022 was mentioned and directed to be listed on 30 September 2022; no final disposal recorded
• Shortfall in net worth as per para 9.3.3 and other observed violations leading to monetary and non-monetary penalties by NSE committee.
  Urgency application disposed of; appeal taken up for admission · Respondent to file reply within three weeks from 30.09.2022; rejoinder within three weeks thereafter
  Appeal: Appeal No. 651 of 2022 with Misc. Applications No. 1134 and 1135 of 2022 pending before SAT; taken up for admission on 30.09.2022, next listed December 7, 2022
• SAT matter SATV-3E68F20FF26247F34E913371
  Three weeks time allowed to appellant to file rejoinder · Matter listed on January 3, 2023
  Appeal: Appeal No. 651 of 2022 pending before SAT Mumbai; at rejoinder stage as on 07.12.2022, next date January 3, 2023
• Net worth shortfall of trading member and failure to recoup shortfall by deadline leading to disabling of trading terminal by NSE.
  Appeal No.1018 of 2022 dismissed · Misc. Applications No.1738 and 1739 of 2022 disposed of
  Appeal: Appeal No.1018 of 2022 dismissed on 20.12.2022; Misc. Applications No.1738 and 1739 of 2022 disposed of
• Alleged misuse of clients' funds to settle debit-balance clients or for proprietary use; also non-settlement, net worth shortfall and incorrect margin reporting.
  Penalty of Rs.20,46,300 for misuse of clients' funds set aside; appeal partly allowed. · Matter remitted to NSE Committee to re-decide only misuse of clients' funds issue.
  Appeal: Appeal No.651 of 2022 decided on 7 February 2023 - partly allowed and remanded
• SAT matter SATV-70900040E0584C1C0D8F8F41
  Appellant to comply with directions in paragraph 11 of SAT order dated 7 February 2023 · Misc. Application No. 415 of 2023 disposed of accordingly
  Appeal: Misc. Application No. 415 of 2023 in Appeal No. 651 of 2022 disposed of on 27 March 2023 with compliance extended to 7 April 2023
• SAT matter SATV-C0C8D271135A9CB2F8E1D34F
  List on February 07, 2023 · Parties to act on digitally signed copy of order
  Appeal: Appeal No. 651 of 2022 pending; listed for hearing on February 07, 2023 vide order dated 03.01.2023
• Alleged misuse of clients' funds to settle obligations of debit balance clients or for own proprietary purposes, with related non-settlement, net-worth and margin reporting violations.
  Impugned order dated August 8, 2023 imposing penalty of Rs. 20,46,300/- set aside · Appeal No. 813 of 2023 allowed, charge of misuse of clients' funds held not proved
• SAT matter SATV-F836D84D062FB5265E55976B
  Put up Misc. Application No. 415 of 2023 along with record on March 27, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment of charges
  Appeal: Misc. Application No. 415 of 2023 in Appeal No. 651 of 2022 pending; mentioned on 23.03.2023 and posted to 27.03.2023, not disposed