sebi:WTM/PS/45/CFD/SEPT/2013

SEBI · SEBI · 2013-06-10 · Prashant Saran, Whole Time Member

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Facts / Headnote

Directions issued vide the interim order dated June 04, 2013 against the company, Aeonian Investments Company Limited, its directors, promoters and promoter group revoked with immediate effect.

Provisions invoked

Parties

Holding

SEBI revoked the interim order directions dated June 04, 2013 against Aeonian Investments Company Limited, its directors, promoters and promoter group, allowing the company to proceed with its voluntary winding up process. The revocation was made without prejudice to SEBI's right to initiate action if the winding up process is not successful.

Full text

Page 2 of 4 shareholding in the Company as on the date of the interim order was 86.96%. The shares of the Company are listed on the Bombay Stock Exchange Limited ('BSE').

Page 3 of 4 up. According to the Company, intimation about these resolutions were duly given to BSE on the respective days. Further, intimation about fixing April 30, 2013 as record date and the request for suspension of trading was also given to BSE, Central Depository Services Limited and National Securities Depository Limited by the Company. Thereafter, the scrip of the Company was suspended from trading with effect from April 29, 2013.

Page 4 of 4 delisted as on June 03, 2013. I note that all listed companies are required to maintain MPS of 25% as a requirement for continuous listing.

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Source: SecMarx — sebi:WTM/PS/45/CFD/SEPT/2013. 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.