0071-2008 M-s. Uniproducts India Ltd. vs Securities and Exchange Board of India
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The Promoter group undertakes that in case the subscription by the Promoter group to the unsubscribed portion results in the public shareholding falling below the “Permissible Minimum Level” as specified in the listing condition agreement, then the promoter group shall make an offer for sale of their holding so that the public shareholding is raised to the permissible minimum level within a period of 3 months from the date of allotment in the proposed issue in the manner as per sub clause 17.1 and 17.2 of SEBI (Delisting of Securities) Guidelines, 2003 or as per any amendment thereto
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Appeal No. 71 of 2008 Date of decision : 20.8.2008 M/s. Uniproducts (India) Ltd. …… Appellant Versus
Securities and Exchange Board of India …… Respondent Mr. N.H. Seervai, Advocate with Mr. Parag Rabadi and Mr. Anand Srivastava Advocates for the Appellant. Dr. Mrs. Poornima Advani Advocate with Mr. Haihangrang E.H. Newme Advocate for the Respondent. Coram : Justice N.K. Sodhi, Presiding Officer Arun Bhargava, Member Utpal Bhattacharya, Member Per : Justice N.K. Sodhi, Presiding Officer
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Source: SecMarx — 0071-2008 M-s. Uniproducts India Ltd. vs Securities and Exchange Board of India. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.