sebi:WTM/MPB/ISD/58/2017
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Facts / Headnote
Interim directions issued: trading reverted to pre-August 7, 2017 status; independent forensic audit ordered; promoters/directors restricted to buying only; SEBI's August 7, 2017 actions otherwise continued; representation disposed of.
Provisions invoked
- s. 11B
- s. 11(4)
- s. 19
- s. 11(1)
Parties
- Tatia Global Vennture Ltd.
Holding
SEBI modified the actions envisaged in its letter dated August 7, 2017 against Tatia Global Vennture Ltd., reverting trading to its prior status while directing an independent forensic audit and restricting promoters/directors to buying only, pending further inquiry.
Full text
Order in the matter of Tatia Global Vennture Ltd. Page 2 of 20 (b) Misusing their respective books of accounts/funds including facilitation of accommodation entries to the detriment of minority shareholders and therefore reneging on the fiduciary responsibility cast on the board, controlling shareholders and key management person (KMP)
Order in the matter of Tatia Global Vennture Ltd. Page 3 of 20 whether company is a going concern, its business model, status of compliance with listing requirements, etc.
Order in the matter of Tatia Global Vennture Ltd. Page 4 of 20 9. In the meantime, aggrieved by the aforesaid letters/notice dated August 7, 2017 issued by SEBI and BSE, TGVL filed an appeal No. 216 of 2017 before Hon’ble Securities Appellate Tribunal (hereinafter referred to as “SAT”). Hon’ble SAT vide
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Source: SecMarx — sebi:WTM/MPB/ISD/58/2017. 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.