Top Telemedia Ltd.

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalty on company reduced to Rs 50 lakh from Rs 1.10 crore
Penalty of Rs 10 lakh each on two directors upheld
Penalty on Top Telemedia Ltd reduced to Rs 50 lakh from Rs 1 crore plus Rs 10 lakh
Rs 10 lakh penalty each on Indrajit Vaghela Lakhaji and Deep Kumar Trivedi upheld

SAT-appeal

Failure to redress six investor grievances despite SEBI letters from 21 April 2011 and WTM direction dated 10 Aug 2012, violating Section 15C and WTM directions.
Penalty on company reduced to Rs 50 lakh from Rs 1.10 crore · Penalty of Rs 10 lakh each on two directors upheld
Appeal: Appeal Nos. 378 and 379 of 2016 disposed on 06.04.2018 (reserved 19.03.2018); company penalty reduced, individual penalties upheld
Failure to redress six investor grievances and to submit ATR despite SEBI letters from 21 April 2011 and WTM direction dated 10 August 2012 restraining market access till redressal.
Penalty on Top Telemedia Ltd reduced to Rs 50 lakh from Rs 1 crore plus Rs 10 lakh · Rs 10 lakh penalty each on Indrajit Vaghela Lakhaji and Deep Kumar Trivedi upheld
Appeal: Appeal Nos. 378 and 379 of 2016 reserved 19.03.2018, decided 06.04.2018; partly allowed to reduce company penalty

Analyse these matters in Ontology · Plans

Source: SecMarx — Top Telemedia 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.