Vibhuti Multi Trade Pvt. Ltd.

6 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Matters listed for 13 June 2023
Rs 4 lakhs penalty on Company under Section 23H SCRA for PIT disclosure violation
Rs 46 lakhs penalty on noticees 1-23 jointly and severally under Section 15HA for PFUTP violation
Appellant to deposit Rs.2 lakhs within two weeks and file proof before next date
Parties to take instructions from Registrar 48 hrs before date fixed on video conference vs physical hearing

SAT-appeal

SAT matter SATV-05C81658663BCDA60A4E51E3
Delay in filing the reply condoned and reply taken on record · Appellants granted three weeks to file rejoinder
Appeal: Appeal Nos. 534, 552, 739 and 125 of 2022 and Appeal No. 290 of 2023 were pending; listed for 13 June 2023
SAT matter SATV-7F7F63CAD4DA51E95231D0F1
Adjourned on the request of the appellants · List on 27th April, 2023
Appeal: Appeal Nos. 534/2022, 739/2022, 552/2022, 125/2023, 290/2023 adjourned to 27 April 2023
Company funded preferential allottees via conduits with round-tripping of subscription funds showing no genuine capital infusion; promoters failed PIT disclosures and filed wrong shareholding pattern.
Rs 4 lakhs penalty on Company under Section 23H SCRA for PIT disclosure violation · Rs 46 lakhs penalty on noticees 1-23 jointly and severally under Section 15HA for PFUTP violation
Appeal: Appeal Nos 739/2022, 552/2022, 125/2023 and 290/2023 against AO order dated 13.04.2022 decided on 28.07.2023 (reserved 24.07.2023)
SAT matter SATV-6F3E3D01442B5127B0975C11
Delay in filing Appeal No.125 of 2023 condoned; Misc. Application allowed · Appeal connected with Appeal No.534 of 2022 and listed on 7 March 2023
Appeal: Appeal No.125 of 2023 with Misc. Application No.65 of 2023 and Misc. Application No.1802 of 2022 pending; delay condoned, interim deposit ordered, listed 7 March 2023
SAT matter SATV-DA4EC9F5022F207A51A0EB1A
Adjourned and listed for admission on May 4, 2021 along with Appeal No. 526 of 2020 · Parties to take instructions from Registrar 48 hrs before date fixed on video conference vs physical hearing
Appeal: Misc. Application No. 152 of 2021 (Delay Application) and Appeal No. 181 of 2021 pending; adjourned to May 4, 2021 for admission
Company funded preferential allottees (Noticees 2-8) via conduit entities (Noticees 9-23) by round-tripping funds, showing no genuine capital infusion; plus promoter and quarterly shareholding disclosure failures.
SAT confirmed AO finding of fraudulent funding and round-tripping by Company through conduits · Company conceded PIT non-disclosure; Rs 4 lakh penalty sustained in reasoning
Appeal: Appeal Nos. 739/2022, 552/2022, 125/2023, 290/2023 with Misc.Appl. 922/2022, 1401/2022, 65/2023 reserved 24.07.2023 decided 28.07.2023 together

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Source: SecMarx — Vibhuti Multi Trade Pvt. 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.