Subhash & Co. / Subhash Chand Gupta

SAT-appeal

• Dispute over incorrect computation of SEBI fee liability based on historical stockbroker turnover and alleged recovery of excess fee.
  Appeals disposed of with direction to SEBI to recalculate each appellant's excess fee refund. · SEBI to determine amounts payable to appellants and to DSE, if any.
  Appeal: Appeal Nos. 317 of 2018, 387 of 2018, 433 of 2018, 487 of 2018, 298 of 2019 and 299 of 2019 disposed of by SAT on 27 September 2021.
• Disputed turnover-based broker fee liability; appellants alleged errors in SEBI fee liability statements causing excess fee levy and sought recomputation and refund with interest.
  Dispose all appeals with direction to SEBI to calculate quantum of refund of excess fee for each appellant, if any · SEBI to decide how much amount is payable to appellants and how much to DSE, if any
  Appeal: Appeal Nos. 317/2018, 387/2018, 433/2018, 487/2018, 298/2019, 299/2019 with Misc. Application No. 804/2021 disposed on 27.09.2021 with direction to SEBI
• Dispute over erroneous turnover-based fee liability statements levied by SEBI on DSE brokers and non-refund of excess fee paid despite auditor/DSE certified turnover.
  All appeals disposed with direction to SEBI to calculate quantum of refund of excess fee, if any, for each appellant · SEBI to decide how much refund is payable to appellants and how much, if any, to DSE
  Appeal: Appeal Nos. 317 of 2018, 387 of 2018, 433 of 2018, 487 of 2018, 298 of 2019, 299 of 2019 with Misc. Application No. 804 of 2021 heard 22.09.2021 and disposed 27.09.2021