Sreeram V Mangalapalli

SAT-appeal

• Failure to disclose acquisitions and/or sales of shares, including promoter and shareholder transactions, under the PIT Regulations; one appellant also violated SAST disclosure requirements.
  All nine appeals dismissed. · Penalties imposed by SEBI's common order dated March 28, 2014 upheld.
  Appeal: Appeal Nos. 166 to 174 of 2014 dismissed by SAT on 30 July 2014.
• Non-disclosure of acquisition and/or sale of company shares ranging from 64,120 to 4,51,750 shares, including changes in shareholding and promoter disclosures.
  All nine appeals dismissed. · Penalties imposed by SEBI's order dated March 28, 2014 upheld.
  Appeal: Appeal Nos. 166 to 174 of 2014 disposed of and dismissed by SAT on 30 July 2014.
• Failure to disclose acquisition and/or sale of shares under the PIT Regulations; PV Ravi Kumar was additionally charged with non-disclosure under SAST Regulations. No UPSI allegation.
  All nine appeals dismissed. · SEBI's monetary penalties upheld.
  Appeal: Appeal Nos. 166 to 174 of 2014, decided and dismissed by SAT on 30 July 2014.
• Non-disclosure of acquisition and/or sale of shares ranging between 64,120 and 4,51,750 shares in violation of PIT disclosure norms, plus SAST disclosure violation by PV Ravi Kumar.
  All 9 Appeals (166 to 174 of 2014) dismissed with no order as to costs · AO penalties of Rs 10 lakh, Rs 5 lakh, Rs 4 lakh and Rs 3 lakh confirmed as neither discriminatory nor disproportionate
  Appeal: Appeal Nos. 166, 167, 168, 169, 170, 171, 172, 173 and 174 of 2014 disposed of by common order dated 30.07.2014 - all dismissed
• Non-disclosure of acquisition and/or sale of shares ranging 64,120 to 4,51,750 shares in violation of PIT disclosure norms; one case also SAST 7(1)/7(2) for 2% change.
  All 9 Appeals No. 166-174 of 2014 dismissed · AO penalties of Rs 10 lakh, Rs 5 lakh, Rs 4 lakh and Rs 3 lakh upheld
  Appeal: Appeal Nos. 166 to 174 of 2014 decided on 30.07.2014 by SAT - all dismissed, impugned AO order upheld
• Non-disclosure of acquisition and/or sale of 64,120 to 4,51,750 shares of Arunjoyti Enterprises Ltd violating PIT disclosure norms; one case also violating SAST 7(1)/7(2) for 2% change.
  Appeal Nos. 166 to 174 of 2014 dismissed, SEBI penalties confirmed · No order as to costs
  Appeal: Appeal Nos. 166 to 174 of 2014 dismissed by SAT on 30.07.2014
• Non-disclosure of acquisition and/or sale of 64,120 to 4,51,750 shares of Arunjoyti Enterprises Ltd in violation of PIT and SAST disclosure norms.
  All 9 appeals (166-174 of 2014) dismissed with no order as to costs · AO penalties of Rs 10 lakh, Rs 5 lakh, Rs 4 lakh and Rs 3 lakh upheld as neither discriminatory nor disproportionate
  Appeal: Appeal Nos. 166 to 174 of 2014 disposed on 30.07.2014 - all dismissed