Gautam N. Jhaveri

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalty reduced from Rs. 6 lakh to Rs. 3 lakh.
Penalty of Rs 5 lakh sustained with no order as to costs

SAT-appeal

SAT matter SATV-02CA01593E0187E17F2F85CA
Appeal disposed of by adopting the same order as in Appeal No. 104 of 2007 decided on 7 July 2008
Appeal: Appeal No. 49 of 2008 decided on 7 July 2008; order states it is the same as the order in Appeal No. 104 of 2007 decided on that date
Execution of large numbers of reverse/fictitious cross trades in Wellworth Overseas Ltd. through two clients, creating artificial volumes; failure as broker to advise clients against such trades.
Appeal disposed of. · Penalty reduced from Rs. 6 lakh to Rs. 3 lakh.
Appeal: Appeal No. 189 of 2010, decided on 8 December 2010; penalty reduced and appeal disposed of with no order as to costs.
Circular trading and structured/synchronized trades in Radaan Mediaworks India Ltd with Nrupesh Shah amounting to fraudulent and unfair trade practices
Appeal dismissed, AO finding of circular/structured trading upheld · Penalty of Rs 5 lakh sustained with no order as to costs
Appeal: Appeal No. 131 of 2006 decided on 23.8.2007 - dismissed

Analyse these matters in Ontology · Plans

Source: SecMarx — Gautam N. Jhaveri. 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.