Smt. Shwetha Dhaval Kotia
Penalties and directions recorded
- Penalty of Rs 10 Lakhs quashed
- Penalty on Sungold Capital Limited reduced from Rs 5 lakh to Rs 2 lakh
- Penalty on each of four Kotia appellants reduced from Rs 2 lakh to Rs 1 lakh each
- Penalty to be paid to SEBI within four weeks; no order on costs
- Penalty on Sungold Capital Limited reduced from Rs 5 lakh to Rs 2 lakh
SAT-appeal
- Failure by PACs holding over 15% in Sungold Capital Ltd to make timely disclosures for sale of shares causing over 2% change in share capital during April-June 2009Penalty of Rs 10 Lakhs quashed · Appeal allowedAppeal: Appeal No. 309 of 2017 allowed on 02.07.2019, order reserved on 24.06.2019
- SAT matter SATV-6DFA5D55D1FBE43FBBE16A43Misc. Application No. 441 of 2019 rejected as misconceivedAppeal: Misc. Application No. 441 of 2019 in Appeal No. 308 of 2017 - application rejected on 16.09.2019
- Failure to furnish information/documents sought by SEBI Investigating Authority, hampering investigation into alleged irregularities in trading in scrip of Sungold Capital Limited.Violation of Section 11C(3) affirmed; both appeals partly allowed on quantum only · Penalty on Sungold Capital Limited reduced from Rs 5 lakh to Rs 2 lakhAppeal: Appeal No. 282 of 2017 and Appeal No. 308 of 2017 partly allowed by SAT on 02.07.2019
- Failure to furnish information/documents sought by SEBI investigating authority under Section 11C(3), hampering investigation into alleged irregularities in trading in scrip of Sungold Capital Limited.Both appeals partly allowed; violation of Section 11C(3) affirmed · Penalty on Sungold Capital Limited reduced from Rs 5 lakh to Rs 2 lakhAppeal: Appeal No. 282 of 2017 and Appeal No. 308 of 2017 partly allowed by SAT decision dated 02.07.2019 (reserved 24.06.2019)
Source: SecMarx — Smt. Shwetha Dhaval Kotia. 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.