Saikat Brahmachari

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appellants to refund NCD money collected during directorship with 15% p.a. interest

SAT-appeal

Offer of Non-Convertible Debentures raising Rs 9.06 crores from 4,518 allottees in FY 2010-13 in violation of Companies Act and ILDS Regulations.
Both Appeal No. 441 of 2018 and Appeal No. 77 of 2019 dismissed · WTM direction to refund NCD money including application money with 15% p.a. interest confirmed
Appeal: Appeal No. 441 of 2018 and Appeal No. 77 of 2019 heard on 07.11.2019 and dismissed on 14.11.2019
Unregistered public offer of Non-Convertible Debentures raising Rs 9.06 crore from 4518 allottees in violation of Companies Act Section 73 and ILDS Regulations.
Appeal No. 441 of 2018 and Appeal No. 77 of 2019 dismissed, WTM order upheld · Appellants to refund NCD money collected during directorship with 15% p.a. interest
Appeal: Appeal No. 441 of 2018 and Appeal No. 77 of 2019 heard 07.11.2019, dismissed on 14.11.2019

Analyse these matters in Ontology · Plans

Source: SecMarx — Saikat Brahmachari. 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.