Shri Bakul Ramniklal Parekh

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appeal dismissed, AO penalty of Rs 5 lakh each confirmed
Impugned AO order upheld on violation, appeal partly allowed with penalty reduction
Total penalty Rs 7 lakh - Rs 5 lakh on Appellant No.1 and Rs 2 lakh on Appellant No.2

SAT-appeal

Company funded preferential allottees to subscribe its own shares, falsely showing capital infusion to raise price and generate bogus LTCG.
Appeal dismissed, AO penalty of Rs 5 lakh each confirmed · No order as to costs
Appeal: Appeal No. 527 of 2019 dismissed on 07.04.2021
Failure to disclose acquisitions via warrant conversions and preferential allotments to company and BSE under PIT and SAST continual disclosure norms.
Impugned AO order upheld on violation, appeal partly allowed with penalty reduction · Total penalty Rs 7 lakh - Rs 5 lakh on Appellant No.1 and Rs 2 lakh on Appellant No.2
Appeal: Appeal No. 450 of 2019 decided on 26.11.2019, partly allowed with penalty reduction
SAT matter SATV-FEC160FFE410208CC3B47137
Misc. Application No.595 of 2021 rejected as misconceived and not maintainable · No order as to costs
Appeal: Appeal No.527 of 2019 dismissed on 7 April 2021; Misc. Application No.595 of 2021 rejected on 17 May 2021

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Source: SecMarx — Shri Bakul Ramniklal Parekh. 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.