sebi:WTM/PS/116/CFD/DEC/2015
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Facts / Headnote
Interim order dated June 04, 2013 confirmed against the company, its directors and promoters/promoter group
Provisions invoked
- s. 19
- s. 21
- s. 12A
Parties
- Vishva Vishal Engineering Limited
- its directors
- promoters
- promoter group
Holding
The interim order dated June 04, 2013 against Vishva Vishal Engineering Limited, its directors and promoters/promoter group for non-compliance with minimum public shareholding requirements is confirmed. The company's status as suspended from the stock exchange does not excuse non-compliance with MPS requirements.
Full text
Page 2 of 4 4. An opportunity of personal hearing was afforded on August 10, 2015, when Mr. Narayan Parekh and Mr. Sanjay Shringarpure, Partners of PRS Associates (Practicing Company Secretaries) appeared on behalf the Company and made oral
Page 3 of 4 g. Any other method as may be approved by SEBI, on a case to case basis. 7. As on June 3, 2010, the promoter holding in the company was 100 % and therefore, there was no public shareholding. The company did not deny the non-compliance of the MPS requirement within the stipulated time or as on this date. As on date of personal hearing, i.e, August 10, 2015, the position of shareholding of promoters and the public remain the same.
Page 4 of 4 against the company, Vishva Vishal Engineering Limited, its directors, promoters and promoter group. 11. This Order shall remain in force till further directions.
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Source: SecMarx — sebi:WTM/PS/116/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.