9911796707
TMI Blog2014 (4) TMI 1212X X X X Extracts X X X X X X X X Extracts X X X X ..... T Regulations and PIT Regulations - Held that:- As during the proceedings before this Tribunal, the appellant was granted leave to obtain and submit a signature comparison report from a Forensic expert. Accordingly, the appellant furnished a signature comparison report dated June 18, 2013. The respondent also filed reply / comments in response to the said report. During the course of hearing, it w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent by which the appellant is held to be guilty of violating the provisions of Regulations 3(b), 3(c), 3(d), 4(1), 4(2)(d), 4(2)(e), 4(2)(k) and 4(2)(r) of PFUTP Regulations, Regulation 7(1A) read with 7(2) and Regulations 10 and 11 of the SAST Regulations and also Regulation 13(4) read with 13(5) of PIT Regulations and was levied a consolidated penalty of ₹ 1 crore i.e. a penalty of ₹ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t led to creation of artificial volumes. The next allegation was that he had made off-market transfers to various entities and had also received shares in the off-market for which he did not make requisite disclosures as per Takeover and PIT Regulations. 3. The appellant, interalia, submitted before this Tribunal that the signature appearing on transfer deeds produced by the respondent were for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n the facts and circumstances of the case, keeping all the contentions of the parties open and with their consent, the impugned order dated January 31, 2013 is hereby quashed and set aside and the matter is remanded to the respondent for fresh adjudication after affording reasonable opportunity to the appellant to represent his case. SEBI, if so advised, may issue fresh show cause notice to the ap ..... X X X X Extracts X X X X X X X X Extracts X X X X
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