sebi:WTM/MPB/EFD-1-DRA-IV/70/2018
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Facts / Headnote
Objections of Noticee rejected; directions in paragraph 87(l) of the final order dated July 18, 2018 made applicable with immediate effect against Mr. Touhid Alam.
Parties
- Mr. Touhid Alam
Holding
The Noticee, Mr. Touhid Alam, is held to be the Promoter of Merlin Agri Projects India Ltd. as his name appears as a subscriber to the Memorandum of Association, and the directions in paragraph 87(l) of the final order dated July 18, 2018 are made applicable with immediate effect against him.
Full text
Order in respect of Mr. Touhid Alam in the matter of Merlin Agri Projects India Ltd. Page 2 of 6 who had subscribed to such Redeemable Preference Shares issued by the company, to safeguard their investments and to further ensure orderly development of securities market, appropriate directions against them were also issued.
Order in respect of Mr. Touhid Alam in the matter of Merlin Agri Projects India Ltd. Page 3 of 6 “…88. In view of my findings recorded at paragraph 76, this order will take effect as final order against the said Shri Touhid Alam on the expiry of 90 days from the date of service of this order against him, unless he, within such period of 90 days from the date of service of this order provides proof in support of his submissions...”
Order in respect of Mr. Touhid Alam in the matter of Merlin Agri Projects India Ltd. Page 4 of 6 if any. Noticee has not contested on the fact of deemed public issue and the legal liability arising out of failure to comply with the deemed public issue norms.
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Source: SecMarx — sebi:WTM/MPB/EFD-1-DRA-IV/70/2018. 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.