sebi:WTM/AB/EFD-1/DRA-1V/03/2019-20
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Facts / Headnote
Proceedings against Noticee no. 5 and 6 disposed off; directions in para 4.2 and 4.3 of the interim order rescinded for Noticee no. 5 and 6; directions against all other Noticees continue in force.
Provisions invoked
- s. 11
- s. 11(1)
- s. 19
- s. 73
- s. 67(3)
- s. 56
- s. 73(2)
- s. 2(36)
- s. 60
Parties
- Tujammel Sarkar
- Ainul Shah
- Ashadul Shah
- Pradip Singha
- Sujit Kumar Das
- Dipankar Biswas
- Parimal Saha
- Mou Majakuri
- Anarul Shah
- Sampurna Chakraborty
- Mita Paul
Holding
Noticee no. 5 and 6, who were non-executive directors for approximately 4 months, could not be made liable for refunding the amount under section 73(2) of the Companies Act, 1956, and the interim order directions against them were rescinded. Directions against all other Noticees continue in force.
Full text
Final Order in the matter of SLF Investment India Ltd. Page 2 of 7 Act, 1992 (hereinafter referred to as ‘SEBI Act’) and the Rules and Regulations framed thereunder.
Final Order in the matter of SLF Investment India Ltd. Page 3 of 7 section 56, sections 73(1), 73(2) and 73(3) of the Companies Act, 1956 were not complied with by SLF in respect of the Offer of RPS.
Final Order in the matter of SLF Investment India Ltd. Page 4 of 7 supported by a Certificate of two independent Chartered Accountants to the satisfaction of SEBI (to be submitted to SEBI within 7 days of completion of the refund); and
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Source: SecMarx — sebi:WTM/AB/EFD-1/DRA-1V/03/2019-20. 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.