Sandip Roy

6 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Joint and several liability of appellants in Appeal Nos. 45 and 46 of 2017 restricted to Rs. 5,44,300 each
Appellant in Appeal No. 55 of 2017 jointly and severally liable for full Rs. 1,66,40,470 with Company and other Directors
Restrict joint and several refund liability of appellants in Appeal Nos.45 and 46 of 2017 to Rs.5,44,300 each
Retain full joint and several refund liability of appellant in Appeal No.55 of 2017 for Rs.1,66,40,470 with Company and other directors
Joint and several refund liability of appellants in Appeal Nos. 45 and 46 of 2017 restricted to Rs 5,44,300 each

SAT-appeal

SAT matter SATV-2BFEFE2BA8D6C75D85F68067
Appeals Nos. 189, 190 and 191 of 2016 withdrawn with liberty to file fresh appeals. · Fresh appeals permitted within eight weeks from 8 December 2016.
Appeal: Appeal Nos. 189, 190 and 191 of 2016 withdrawn and disposed of on 8 December 2016, with liberty to file fresh appeals.
Issue of Redeemable Preference Shares to 1272 investors amounting to deemed public issue under Section 67(3) Companies Act, 1956 without complying with Sections 56, 60, 73
Impugned WTM order upheld on merits with no order as to costs · Joint and several liability of appellants in Appeal Nos. 45 and 46 of 2017 restricted to Rs. 5,44,300 each
Appeal: Appeal Nos. 45, 46 and 55 of 2017 disposed on 15.09.2017 upholding WTM order with modified joint liability
Unregistered deemed public issue of Redeemable Preference Shares to 1272 investors for Rs.1,66,40,470 violating Sections 56, 60, 67(3), 73 of Companies Act, 1956
Uphold WTM refund order on merits with no order as to costs · Restrict joint and several refund liability of appellants in Appeal Nos.45 and 46 of 2017 to Rs.5,44,300 each
Appeal: Appeal Nos.45, 46 and 55 of 2017 disposed on 15.09.2017 by common order upholding WTM order with modified liability
SAT matter SATV-9922ECA297BA0401F0827EC4
Delay of 115 days condoned in all appeals · All three appeals allowed to be withdrawn with liberty to file fresh appeals
Appeal: Appeal Nos. 189, 190 and 191 of 2016 disposed as withdrawn on 08.12.2016 with liberty to file fresh appeals
SAT matter SATV-6D7B67DEB4ABA819ECE9D9AB
Delay of 115 days condoned; Misc. Applications 132,133,134 of 2016 disposed · Appeal Nos. 189,190,191 of 2016 allowed to be withdrawn with liberty to file fresh
Appeal: Appeal Nos. 189,190 and 191 of 2016 with Misc. Applications 132-134 of 2016 disposed on 08.12.2016 as withdrawn with liberty to refile
Issue/allotment of Redeemable Preference Shares to 1272 investors for Rs 1.66 crore constituting deemed public issue under Section 67(3) without complying with public issue norms.
Impugned WTM order upheld on merits · Joint and several refund liability of appellants in Appeal Nos. 45 and 46 of 2017 restricted to Rs 5,44,300 each
Appeal: Appeal Nos. 45, 46 and 55 of 2017 disposed on 15.09.2017 upholding WTM order with modified liability

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Source: SecMarx — Sandip Roy. 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.