Subhkam Securities Private Limited

SAT-appeal

• Failure to make takeover-related disclosures concerning the 1999 acquisition, sales exceeding 2% during 2005–2011, a 2011 inter-se promoter transfer, and promoter holdings for FY 2010–11.
  Appeal: Appeal No. 7 of 2016 decided by SAT on 27 May 2019; the appellants challenged the Adjudicating Officer's penalty order.
• Alleged extensive synchronized and cross trades in Mascon Global Limited for six Ketan Parekh-linked clients in tandem to deflate price and create artificial demand, violating FUTP and broker Code of Conduct.
  Impugned WTM order dated 02.03.2012 set aside · Appeal No. 73 of 2012 allowed with no order as to costs
  Appeal: Appeal No. 73 of 2012 decided on 25.07.2012 - allowed, WTM order dated 02.03.2012 set aside