0106-2010 M-s. Ushdev Trade Limited vs Securities and Exchange Board of India
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“It is observed that you have acquired 18.74% shares from UCSPL through off-market transaction, as submitted by your promoter Shri. Prateek Gupta. Since the instant acquisition done by you is more than 15% of the total paid up equity share capital of the company, therefore, you were required to make a public announcement in terms of Regulation 10 read with Regulation 14(1) of SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 1997 (hereinafter referred to as “SAST”) which was not made by you. Therefore, it is alleged that you have violated the aforementioned provisi
BEFORE THE SECURITIES APPELLATE TRIBUNAL
MUMBAI Appeal No.106 of 2010
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