sebi:WTM/SM/IVD/ID6/15033/2021-22
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Facts / Headnote
Relaxation/defreezing of directions in paras 75(iii), (iv) and (v) of the Final Order dated July 06, 2020, only to the limited extent of facilitating transfer of 1,59,56,000 equity shares of FDSL held by the Noticee to Linkstar Trust in terms of the NCLT order dated September 25, 2021.
Parties
- Amalendu Mukherjee
Holding
SEBI relaxed the freezing directions issued against the Noticee under the Final Order dated July 06, 2020 solely to permit the transfer of 1,59,56,000 equity shares of FDSL held by Mr. Amalendu Mukherjee to Linkstar Trust in accordance with the NCLT-approved resolution plan. The freezing order on the Noticee's demat accounts/mutual fund folios continues to remain in force for all other purposes.
Full text
Addendum to Final Order in the matter of Insider Trading in the scrip of Ricoh India Limited Page 1 of 4 WTM/SM/IVD/ID6/15033/2021-22 SECURITIES AND EXCHANGE BOARD OF INDIA
Addendum to Final Order in the matter of Insider Trading in the scrip of Ricoh India Limited Page 2 of 4 Target Company and, in that capacity, he is holding 1,59,56,000 shares of the Target Company as of today.
Addendum to Final Order in the matter of Insider Trading in the scrip of Ricoh India Limited Page 3 of 4 7. Vide clause 1.2 of Annexure 2 of the approved resolution plan, the entire shareholding of Promoters was approved to be transferred to the ‘Linkstar Trust’ on the following terms: “1.2. On the effective date, immediately after held by Promoters or Group of Promoters the corporate debtors shall be transferred to “Linkstar Trust” for which the Resolution Applicant will be the beneficial owner of such trust at value of Rs. 1 for entire share capital held by such promoters/group of promoters, holding such existing share capital” Further, vide clause 4.2 of Annexure 2 of the approved resolution plan, the following provision was also approved: “4.2. Any restriction on trading of share by existing promoters from SEBI, shall not be refrain such transfer of shares”
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Source: SecMarx — sebi:WTM/SM/IVD/ID6/15033/2021-22. 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.