Vedanta Ltd.
Penalties and directions recorded
- Parties to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
- Effect and operation of the impugned order stayed subject to deposit of Rs. 2.5 crore
- Appeal allowed in part; SEBI to reconsider complaint dated April 13, 2017 on Companies Act and LODR violations and pass appropriate orders expeditiously
- No personal hearing necessary for SEBI to decide the complaint
SAT-appeal
- SAT matter SATV-1573E66991BBBD95B7AD3146Appeal Lodg. No. 127 of 2024 listed for hearing on 20 March 2024Appeal: Appeal Lodg. No. 127 of 2024; on 15 March 2024, it was not on board and was directed to be listed on 20 March 2024
- SAT matter SATV-30BEF2BE76F0051BF1424A7BList the appeal on 17 February 2022 · Parties to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearingAppeal: Appeal No. 2 of 2021 was pending; matter listed for 17 February 2022
- SAT matter SATV-27349D004690584DA3615612Amendment application allowed. · Necessary amendment to be carried out in the review application.Appeal: Appeal No. 2 of 2021 was before SAT; this order dated 20 September 2022 allowed an amendment application in Review Application No. 21 of 2022 and listed it for 10 October 2022.
- The January 2014 buyback announcement was allegedly misleading, made without intent to fulfill it, and designed to influence investors and induce trading. Appellants were also found negligent in monitoring broker trading.Effect and operation of the impugned order stayed subject to deposit of Rs. 2.5 crore · No further recovery during pendency of appeal if the deposit is madeAppeal: Appeal No. 420 of 2021; order dated 22 June 2021 granted conditional stay and listed the matter for admission and final disposal on 24 August 2021
- Alleged non-payment of Rs 340.64 cr dividend due by Cairn India despite no attachment or court order, in violation of Section 127 Companies Act and Regulation 4(2)(c) LODR.Appeal allowed in part; SEBI to reconsider complaint dated April 13, 2017 on Companies Act and LODR violations and pass appropriate orders expeditiously · Rejected prayer to direct Cairn India to pay dividend with 18% p.a. interest as amount transferred to income tax authorities
- SAT matter SATV-B1D4CFFDBAB966CEEAEADA19Order reserved after hearing counsel for appellant · Parties to act on digitally signed copy signed by Private Secretary on behalf of benchAppeal: Appeal No. 2 of 2021 heard on 20.06.2022; order reserved, not disposed
- SAT matter SATV-963DA56E4C21488609025EDBPermission granted to amend review application · Amendment application to be filed within a weekAppeal: Review Application No. 21 of 2022 in Appeal No. 02 of 2021 pending; amendment permitted, next listing September 20, 2022
- SAT matter SATV-ED49932E2478338A14BB8CDAAdjourned on request of learned counsel for applicant · List matter on September 13, 2022Appeal: Review Application No. 21 of 2022 in Appeal No. 2 of 2021 - adjourned on 26.08.2022, next listing September 13, 2022
Source: SecMarx — Vedanta 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.