0098-2015 M-s. Consolidated Securities Limited vs Securities and Exchange Board of India
Full text
“…….when the Takeover Regulations, 1997 provides that the disclosure obligation specified under regulation 7(1A) has to be discharged in the manner specified under regulation 7(1A) read with regulation 7(2) and regulation 7(2) does not provide for disclosure in relation to sale of shares in excess of the limits prescribed under regulation 7(1A), SEBI is not justified in holding that the appellants by failing to make disclosure of sale covered under regulation 7(1A) within the stipulated time, have violated regulation 7(1A) with regulation 7(2) of the Takeover Regulations, 1997. Conseq
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI
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Source: SecMarx — 0098-2015 M-s. Consolidated Securities Limited 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.