Sunshine India Land Developers Ltd.

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Parties to contact the Registrar 48 hours before the hearing date regarding video conferencing or physical hearing
Penalty reduced from Rs. 25 lacs to Rs. 5 lacs
Appeal partly allowed; Rs. 5 lacs already deposited under interim order adjusted

SAT-appeal

SAT matter SATV-3CC171C12848778006721559
List the matter on 30 June 2021 · Parties to contact the Registrar 48 hours before the hearing date regarding video conferencing or physical hearing
Appeal: Appeal No. 134 of 2020; order dated 11 May 2021 adjourned/listed for 30 June 2021
Issuance of Optional Fully Convertible Debentures (OFCDs) to more than 49 persons in 2010-2011 constituting deemed public issue in violation of Section 67 and ICDR Regulations.
Violation of Section 67 and ICDR Regulations affirmed · Penalty reduced from Rs. 25 lacs to Rs. 5 lacs
Appeal: Appeal No. 134 of 2020 partly allowed by SAT order dated 13.01.2022

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Source: SecMarx — Sunshine India Land Developers Ltd.. 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.