Rulings
SEBI: Directs Forensic Audit, observes suspicious transactions & unexplained trade receivables with RPTs
SEBI: Directs refund of money collected from ‘Public’ as ‘Private Placement’ of Redeemable Preference Shares
SEBI: Passes no directions against directors u/s.11B of SEBI Act, leaves it to Liquidator
SEBI: Penalizes Sick Company’s Promoters for violating Takeover Code & PIT Regulations
SEBI: Penalizes Promoters for trading on UPSI & not obtaining pre-clearance, Cites Code of Conduct violation
SEBI: Revokes trading restrictions, notes compliance of Company Law, Income Tax Act & Listing Regulations
SEBI: Delayed disclosures under Takeover Code undermines regulatory objectives, jeopardizes achievement of Policy goals
SEBI: Directs Forensic Audit of listed ‘shell’ Co. for misrepresentation of financials & fund misuse
SEBI: Incentive payment by Ultimate holding Co. to listed Indian subsidiary falls within Listing Regulation’s ambit
SEBI: Penalizes Co. for delayed disclosures of partly-paid shares under Listing Agreement & SCRA
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