To
All Trading Members of the Exchange
Sub: SAT Order in the matter of Aptech Limited.
In continuation to the Exchange Notice No. 20230228-55 dated February 28,2023 on the captioned matter.
The Hon’ble Securities Appellate Tribunal (SAT) vide its order dated March 16,2023 had inter-alia stated that, “we direct the appellant to deposit the disgorgement amount of Rs. 49 lacs and penalty amount of Rs. 15 lacs within three weeks from today. If the said amount is deposited, the effect and operation of the order in so far as it relates to the debarment shall remain stayed during the pendency of the appeal. The amount so deposited will be subject to the result of the appeal.”
Now SEBI vide its email dated March 21,2023 has inter-alia stated that, “the Appellant/Noticee Lashit Sanghvi has deposited the requisite amount with SEBI”.
Trading members are advised to take note of the same and ensure compliance.
Jeevan Noronha Shubham Benere
Regulatory Correspondence Regulatory Correspondence
Date: March 21, 2023 |