Shailesh Jain

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Impugned AO orders dated 19.02.2009 set aside
Penalty reduced from Rs 2 lakh to Rs 1 lakh
Penalty reduced from Rs 2 lacs to Rs 1 lac

SAT-appeal

Alleged fraudulent sale of 5,20,000 shares of Fast Track Entertainment Ltd. without proof of purchase payment, using fake ledger accounts and contract bills.
Impugned AO orders dated 19.02.2009 set aside · Cases remanded to adjudicating officer for fresh enquiry
Appeal: Appeal Nos. 29 and 30 of 2009 disposed on 24.9.2009 - remanded for fresh enquiry
Placing buy orders significantly above last traded price in Oregon Commercial Limited to artificially prop up price during Nov 2008-Jun 2009, violating FUTP Regulations 3 and 4.
Penalty reduced from Rs 2 lakh to Rs 1 lakh · Appeal partly allowed
Appeal: Appeal No. 15 of 2012 decided on 01.05.2012 - partly allowed, penalty reduced to Rs 1 lakh
Placing buy orders significantly above last traded price to artificially prop up price of Oregon Commercial Limited scrip
Penalty reduced from Rs 2 lacs to Rs 1 lac · Appeal partly allowed
Appeal: Appeal No. 15 of 2012 decided on 01.05.2012 - partly allowed, penalty reduced to Rs 1 lac

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Source: SecMarx — Shailesh Jain. 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.