sebi:WTM/RKA/ISD/107/2016
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Facts / Headnote
Clarification issued correcting inadvertent errors in the Order dated August 22, 2016 bearing reference number WTM/RKA/ISD/102/2016 in the matter of Illiquid Stock Options; paragraph 41 of the order omitted.
Holding
SEBI clarified inadvertent errors in its August 22, 2016 order (WTM/RKA/ISD/102/2016) in the matter of Illiquid Stock Options by substituting certain paragraph references and text, and omitted paragraph 41 of that order.
Full text
SECURITIES AND EXCHANGE BOARD OF INDIA CLARIFICATION TO ORDER DATED AUGUST 22, 2016 BEARING REFERENCE NUMBER WTM/RKA/ISD/102/2016 IN THE MATTER OF ILLIQUID STOCK OPTIONS
1. Securities and Exchange Board of India (hereinafter referred to as "SEBI"), vide Order dated August 22, 2016 bearing reference number WTM/RKA/ISD/102/2016 (hereinafter referred to as "the Order"), had confirmed the directions issued vide the interim order dated August 20, 2015 in the matter of Illiquid Stock Options subject to the reliefs provided to the entities vide the said order.
2. In the Order, certain inadvertent errors have been noticed, which are being clarified as under: a) In paragraph 37 of the Order, the words “December 04, 2014 as against the aforesaid 71 noticees” shall be read as “August 20, 2015 as against the aforesaid 58 Noticees.”
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Source: SecMarx — sebi:WTM/RKA/ISD/107/2016. 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.