0151-2008 S Kumars Nationwide Ltd. vs Bombay Stock Exchange Limited and Another
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i) The company had obtained the shareholders approval for the proposed preferential issue at the meeting held on March 29, 2005. However, the company made its application seeking in- principle approval of the Exchange for issue and allotment of the securities, on May 31, 2005 i.e., after a period of nearly two months from the date of the AGM, thereby making it impossible for the company to comply with the requirement under clause 13.4.1 of DIP Guidelines of making the allotment within 15 days of the passing of the resolution by the shareholders in the general meeting. ii) Out of the
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Appeal No. 151 of 2008 Date of decision: 07.08.2009 S Kumars Nationwide Ltd. ….Appellant Versus
The Bombay Stock Exchange Ltd. Securities and Exchange Board of India
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