sebi:WTM/RKA/EFD/DRA-2/193/2016
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Mr. Jayanta Kumar Basu held liable as continuing director; directed jointly and severally to refund RPS proceeds with promised returns plus 15% interest on delay, with restraint from securities market and association with listed / fund-raising public companies for 4 years after repayment.
Provisions invoked
- s. 19
Parties
- Mr. Jayanta Kumar Basu
Holding
Mr. Jayanta Kumar Basu, shown as a continuing director of Basil International Limited, is jointly and severally liable to refund money collected through Redeemable Preference Shares found issued in contravention of public issue norms, and is restrained from the securities market.
Full text
_________________________________________________________________________ Order in respect of Mr. Jayanta Kumar Basu Page 2 of 7
_________________________________________________________________________ Order in respect of Mr. Jayanta Kumar Basu Page 3 of 7
_________________________________________________________________________ Order in respect of Mr. Jayanta Kumar Basu Page 4 of 7
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Source: SecMarx — sebi:WTM/RKA/EFD/DRA-2/193/2016. 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.