sebi:PKB/AO-113/2009
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Matter disposed of without penalty
Provisions invoked
- s. 15A
- s. 15
Regulations
- Reg. 199
- Reg. 6(3)
Parties
- Shri. Motilal Darda
Holding
The Adjudicating Officer disposed of the matter against Shri. Motilal Darda without imposing any penalty for the alleged delayed compliance with Regulation 6(3) of the SAST Regulations for the year 1997.
Full text
Adjudication order in respect of Shri. Motilal Darda the matter of Madan Financial Services Limited Page 2 o f 5 9/22/2009 made by the acquirers viz. Mangal Kiran Securities Limited to the shareholders of the company to acquire 10,00,000 shares (representing 20% of the voting equity share capital of the company ).
Adjudication order in respect of Shri. Motilal Darda the matter of Madan Financial Services Limited Page 3 o f 5 9/22/2009
Adjudication order in respect of Shri. Motilal Darda the matter of Madan Financial Services Limited Page 4 o f 5 9/22/2009 dated 03.08.1995 nor in any other document for offer of securities for public or to any existing shareholders. (b) This may be taken as a letter given in person and I request you to kindly dispense the personal appearance as I am in the early 70’s and I am not in a position to travel.
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:PKB/AO-113/2009. 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.