sebi:WTM/AB/EFD-1/DRA-3/39/2019-20
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Facts / Headnote
Representations disposed of with direction to complete refunds to all unpaid investors within 45 days, failing which consequences in SEBI order dated March 14, 2016 shall ensue
Provisions invoked
- s. 19
Regulations
- Reg. 65
Parties
- Peers Allied Corporation Limited
Holding
The representations by Peers Allied Corporation Limited are disposed of with a direction that the Noticee and its directors shall complete refunds to all unpaid investors as directed in the SEBI order dated March 14, 2016 within 45 days.
Full text
Disposal of representation – Peers Allied Corporation Ltd. Page 2 of 6 4. In these circumstances, since the appellant-company is willing to comply with the order of SEBI, we dispose of the appeal by directing the appellant- company to make a representation to SEBI within a period of three weeks from today setting out the details of the amounts refunded and the mode and manner in which the balance amount due to the investors would be refunded.
Disposal of representation – Peers Allied Corporation Ltd. Page 3 of 6 as on June 30, 2017, but failed to certify the amounts that have been refunded by Peers Allied to the investors.
Disposal of representation – Peers Allied Corporation Ltd. Page 4 of 6 representations made by Peers Allied and thus called upon it, to provide the following data/documents on or before 31/07/2019:
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Source: SecMarx — sebi:WTM/AB/EFD-1/DRA-3/39/2019-20. 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.