0194-2007 Rajkot Saher-Jilla Grahak Suraksha Mandal and Others vs Securities and Exchange Board of India and Another
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2. The expression “Post Issue Capital” as used in clause 4.1.1 of DIP guidelines refers to such acquisition of shares as are made at least one year prior to the IPO. If the acquisition of shares is within one year, acquisition at face value is impermissible if the shares have been offered to the public at a premium. This is so because of the provision of level paying field as contemplated in clause 4.6.2. In the instant case, although the shares were issued prior to one year as partly paid shares, yet they will be deemed “acquired” only when the money is brought in. Bringing in ca
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Appeal No. 194 of 2007 Date of decision : 14.7.2008 1. Rajkot Saher/Jilla Grahak Suraksha Mandal 2. Pradeep Nambiar, 3. Bhupendra Singh .
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