sebi:WTM/AB/CFID/24/2021-22
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Facts / Headnote
Representation dated July 23, 2021 disposed of; expenses allowed
Parties
- Avantha Holdings Ltd.
Holding
SEBI allowed Avantha Holdings Ltd.'s requested rent and incidental operational costs from October 2021 and one-time rent of Rs. 65,884 for June 2021 to September 2021, disposing its representation dated July 23, 2021.
Full text
Miscellaneous Order in the matter CG Power and Industrial Solutions Ltd. Page 1 of 7 WTM/AB/CFID/24/2021-22 SECURITIES AND EXCHANGE BOARD OF INDIA MISCELLANEOUS ORDER
Miscellaneous Order in the matter CG Power and Industrial Solutions Ltd. Page 2 of 7 The Applicant was also informed that the decision on allowing other payments shall be taken by the competent authority based on the consideration of its submissions before SEBI during the personal hearing to be slated in the matter.
Miscellaneous Order in the matter CG Power and Industrial Solutions Ltd. Page 3 of 7 SEBI vide letter dated August 03, 2021 sought certain information/clarification from the Applicant in respect of its request. The said letter dated August 03, 2021 of SEBI responded to by the Applicant vide its letter dated September 20, 2021 wherein the Applicant submitted that approximately Rs. 1,18,000/- (Rupees One Lakh Eighteen Thousand Only) per month is required to meet expenses incurred due to rent and other incidental expenses as detailed below:
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Source: SecMarx — sebi:WTM/AB/CFID/24/2021-22. 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.