sebi:DSR/AO-47/2008
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Facts / Headnote
Allegation not established; matter disposed of
Provisions invoked
- s. 15
Regulations
- Reg. 13(4)
- Reg. 7(3)
- Reg. 13(6)
Holding
The allegation against the noticee for violation of Regulation 7(3) of SAST Regulations and Regulation 13(6) of PIT Regulations does not stand established and the matter is accordingly disposed of.
Full text
Page 2 of 5 4. Further, it was also observed that as per the Order of Calcutta High Court under the scheme of arrangement, Celica Developers Limited(the transferee company) had acquired 54,62,101 shares representing 37.95% of the share capital of the company from Stratus Developers Pvt Limited (the transferor company) on May 18, 2006
Page 3 of 5 Disclosure by company to stock exchanges. 13(6) Every listed company, within five days of receipt, shall disclose to all stock exchanges on which the company is listed, the information received under sub- regulations (1), (2), (3) and (4) in the respective formats specified in Schedule III.
Page 4 of 5 9. An opportunity of personal hearing was granted to the noticee on December 5, 2008 in the matter. Shri. Girish Bhatia, Company Secretary and authorised representative attended the hearing .
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Source: SecMarx — sebi:DSR/AO-47/2008. 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.