Sungold Capital Limited

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

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
Penalty on each of 4 Kotia appellants reduced from Rs 2 lakh each to Rs 1 lakh each

SAT-appeal

Promoter-group relatives were wrongly disclosed under public shareholding, allegedly violating Clause 35 and PFUTP Regulation 3(d). Rajiv Kotia allegedly failed to disclose changes in his wife’s and son’s shareholding under PIT Regulations 13(4) and 13(5).
Five-day delay in filing the appeal condoned · Appeal No. 250 of 2017 dismissed
Appeal: Appeal No. 250 of 2017 dismissed by SAT on 12 June 2019; five-day filing delay condoned in Misc. Application No. 250 of 2017.
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 lakh
Appeal: Appeal No. 282 of 2017 and Appeal No. 308 of 2017 partly allowed by SAT on 02.07.2019
SAT matter SATV-EB20B3D4152DD4FFDF5243B0
Review Application No. 14 of 2019 in Appeal No. 250 of 2017 rejected
Appeal: Review Application No. 14 of 2019 in Appeal No. 250 of 2017 decided on 03.03.2020 as rejected
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 lakh
Appeal: Appeal No. 282 of 2017 and Appeal No. 308 of 2017 partly allowed by SAT decision dated 02.07.2019 (reserved 24.06.2019)

Analyse these matters in Ontology · Plans

Source: SecMarx — Sungold Capital Limited. 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.