sebi:WTM/RKA/CFD-DCR/04/2015
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Directions issued: public announcement to be made within 45 days and interest at 10% p.a. to be paid to eligible shareholders
Provisions invoked
- s. 19
Regulations
- Reg. 7(1)
- Reg. 44
- Reg. 11
- Reg. 10
- Reg. 12
- Reg. 5
- Reg. 45
- Reg. 11(1)
- Reg. 11(2)
- Reg. 14(1)
- Reg. 32
Parties
- Brand Realty Services Limited promoter group (including Mr. Kamal Manchanda)
Holding
The noticees were directed to make a public announcement to acquire shares of the target company within 45 days and to pay interest at 10% per annum from December 01, 2009 to eligible shareholders tendering in the open offer, for breach of regulation 11(2) read with regulation 14(1) of the Takeover Regulations, 1997 in respect of acquisitions made on and after August 06, 2009.
Full text
___________________________________________________________________________ In the matter of Brand Realty Services Limited Page 2 of 8
___________________________________________________________________________ In the matter of Brand Realty Services Limited Page 3 of 8
___________________________________________________________________________ In the matter of Brand Realty Services Limited Page 4 of 8
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:WTM/RKA/CFD-DCR/04/2015. 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.