sebi:WTM/PS/CFD/91/MAR/2014
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Facts / Headnote
Directions issued vide the interim order dated June 04, 2013 against Anka India Limited, its directors, promoters and promoter group revoked with immediate effect; warning issued for delayed compliance.
Provisions invoked
- s. 19
- s. 12A
Regulations
- Reg. 29(2)
Parties
- Anka India Limited
Holding
The directions issued against Anka India Limited, its directors, promoters and promoter group under the interim order dated June 04, 2013 are revoked with immediate effect, as the Company has complied with the minimum public shareholding norms through an Offer for Sale on October 18, 2013.
Full text
Page 2 of 2 shareholding pattern of the Company pursuant to the OFS was also submited vide the Company's letter dated January 15, 2014.
5. The Company was afforded an opportunity of personal hearing on March 12, 2014, when Mr. Dinesh Kumar Arora, Professional Company Secretary, as authorised by the Company, appeared and reiterated the Company's submissions made vide its replies.
6. I have considered the case against the Company. I note that the Company has made an OFS on October 18, 2013 and pursuant to the same, the public shareholding is now at 25.61%, which is above the minimum public shareholding requirement as stipulated under rule 19A of the SCRR. I have also perused the shareholding pattern of the Company as of December 2013, which has been uploaded in the website of the BSE , which confirms the position as submitted by the Company.
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Source: SecMarx — sebi:WTM/PS/CFD/91/MAR/2014. 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.