Reliance Industries Holding Private Limited
Penalties and directions recorded
- AO imposed Rs.25 crores penalty jointly and severally for violation of Regulation 11(1) SAST Regulations (impugned before SAT)
SAT-appeal
- SAT matter SATV-3663F2CC2350A295A59B5054Matter adjourned at the respondent's request · Listed for 19 October 2022Appeal: Appeal No. 748 of 2021; adjourned on 26 September 2022 and listed for 19 October 2022
- Promoters plus PAC collectively acquired 6.83% in RIL on 7 Jan 2000 via warrant conversion, taking holding 22.17% to 38.33%, exceeding 5% threshold without public announcement under Reg 11(1).AO imposed Rs.25 crores penalty jointly and severally for violation of Regulation 11(1) SAST Regulations (impugned before SAT)Appeal: Appeal No.748 of 2021, hearing 20.02.2023, decision 28.07.2023 before SAT Mumbai
Source: SecMarx — Reliance Industries Holding Private Limited. 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.