sebi:WTM/PS/104/CFD/DEC/2015

SEBI · SEBI · 2013-06-19 · Prashant Saran, Whole Time Member

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Facts / Headnote

Interim order directions confirmed against the Company, its directors, promoters and promoter group

Provisions invoked

• s. 19
• s. 21
• s. 12A

Parties

• Automobile Products of India Limited
• its directors
• promoters and promoter group

Holding

SEBI confirmed the directions issued vide the interim order dated June 04, 2013 against Automobile Products of India Limited, its directors, promoters and promoter group for failure to maintain the minimum public shareholding of 25%.

Full text

Page 2 of 4 the Company are listed on the Bombay Stock Exchange Limited (‘BSE’). The scrip of the Company is suspended for trading.

Page 3 of 4 administrative exigencies. Thereafter, another opportunity of personal hearing was granted to the Company on July 01, 2015, which was later rescheduled to July 08, 2015. In the hearing, Mr. Manoj Thakar, Company Secretary; Mr. Devesh Bhatt, Chartered Accountant and Mr. S. Karthikeyan, Adviser appeared on behalf of the Company and made oral submissions. The representatives also requested liberty to file written

Page 4 of 4 7. Accordingly, I, in exercise of the powers conferred upon me under Section 19 of the Securities and Exchange Board of India Act, 1992 read with Sections 11(1), 11(2)(j), 11(4) and 11B thereof and Section 12A of the Securities Contracts (Regulation) Act, 1956, hereby confirm the directions issued vide the interim order dated June 04, 2013 against the Company, Automobile Products of India Limited, its directors, promoters and promoter group.

Source: SecMarx — sebi:WTM/PS/104/CFD/DEC/2015. 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.