sebi:Order/SBM/VS/2021-22/13275
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Facts / Headnote
Adjudication proceedings disposed of; Show Cause Notice dated May 17, 2021 disposed of
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15I
Regulations
- Reg. 4(1)
- Reg. 3(a)
Parties
- Aakarshan Vinimay Private Limited
Holding
The adjudication proceedings initiated against Aakarshan Vinimay Private Limited were disposed of because the Noticee had ceased to exist as a legal entity w.e.f. April 01, 2018 pursuant to a Scheme of Amalgamation approved by NCLT, and was not in existence when the proceedings were initiated on April 20, 2021.
Full text
_______________________________________________________________________________ Adjudication order in respect of Aakarshan Vinimay Private Limited in the matter of Illiquid Stock Options at BSE Page 2 of 4
_______________________________________________________________________________ Adjudication order in respect of Aakarshan Vinimay Private Limited in the matter of Illiquid Stock Options at BSE Page 3 of 4
_______________________________________________________________________________ Adjudication order in respect of Aakarshan Vinimay Private Limited in the matter of Illiquid Stock Options at BSE Page 4 of 4
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Source: SecMarx — sebi:Order/SBM/VS/2021-22/13275. 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.