sebi:WTM/ASB/DDHS/DDHS-SEC-2/29757/2023-24
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Facts / Headnote
Ex-parte interim directions issued against JSL and its directors with immediate effect; show cause notice issued why refund with interest and market restraint should not be imposed
Provisions invoked
- s. 11B
- s. 11
- s. 11(4)
- s. 62
- s. 55A
- s. 22
- s. 73
- s. 4A
- s. 67(3)
- s. 67
- s. 58
- s. 73(2)
- s. 73(1)
- s. 2(36)
- s. 60(1)
- s. 73(3)
Holding
JSL prima facie made a deemed public issue of NCRPS in violation of the Companies Act, 1956 and DIP Guidelines, and ex-parte interim restraints were imposed while calling upon JSL and Noticee Nos. 2 to 13 to show cause why refund with 15% interest and securities market restraint should not be directed.
Full text
_______________________________________________________ Ex-parte Ad-Interim Order cum Show Cause Notice in the matter of Jakraya Sugar Ltd. Page 2 of 16
_______________________________________________________ Ex-parte Ad-Interim Order cum Show Cause Notice in the matter of Jakraya Sugar Ltd. Page 3 of 16
_______________________________________________________ Ex-parte Ad-Interim Order cum Show Cause Notice in the matter of Jakraya Sugar Ltd. Page 4 of 16
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Source: SecMarx — sebi:WTM/ASB/DDHS/DDHS-SEC-2/29757/2023-24. 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.