sebi:CO/132/CRD/01/2005
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Complaint disposed of; no non-compliance found; no further proceedings warranted
Provisions invoked
- s. 4(3)
- s. 27
Holding
The Chairman held that SIIL complied with SEBI's order dated 28.10.98 as modified by the Delhi High Court's order dated 31.05.02, and that there was no violation warranting further proceedings; the complaint dated 27.08.03 was disposed of under Section 4(3) of the SEBI Act, 1992.
Full text
Home » Enforcement » Orders » Orders of Chairman/Members Enforcement Enforcement▼ ORDER IN THE MATTER OF STERLITE INDUSTRIES LIMITED AS PER HON’BLE DELHI HIGH COURT’S
seeking amongst others, the permission to adjust dividend declared. The said application was dismissed as withdrawn vide court’s order dated 09.08.2002.
the fact that SIIL’s two applications for the same had earlier been dismissed by Hon’ble Delhi High Court and that Section 27 of SC(R) A relating to the issue is against SIIL.
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Source: SecMarx — sebi:CO/132/CRD/01/2005. 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.