Amit Kiran Deb

SAT-appeal

• Alleged failure by DPSC Ltd. and its directors to comply with the minimum public shareholding requirement by maintaining at least 25% public shareholding.
  Appeals against SEBI's common confirmatory order dated 25 July 2017 were decided together. · SAT considered the issue concerning compliance with the minimum public shareholding requirement under Rules 19(2)(b) and 19A of the SCRR.
  Appeal: Appeal Nos. 275, 289, 290 and 296 of 2017; order reserved 19 March 2019 and decision dated 3 April 2019.
• Alleged non-compliance with minimum public shareholding requirement by respective listed companies
  Appeals disposed without going into merits · SEBI directed to dispose appellants representations dated 17 Oct 2015 and 16 Feb 2016 on merits per law expeditiously
  Appeal: Appeal Nos. 276, 277, 278, 279 of 2016 with Misc. Applications 222-225 of 2016 disposed on 08.12.2016 with no order as to costs
• Non-compliance with minimum public shareholding requirement by respective listed companies leading to trading and directorship restrictions
  Dispose Appeal Nos. 276-279 of 2016 and Misc. Applications 222-225 of 2016 without going into merits · SEBI directed to dispose appellants representations dated 17.10.2015 and 16.02.2016 on merits expeditiously
  Appeal: Appeal Nos. 276, 277, 278, 279 of 2016 with Misc. Applications 222-225 of 2016 disposed on 08.12.2016 without merits adjudication
• Non-compliance with minimum public shareholding requirement in respective listed companies
  Appeals and Misc. Applications disposed without going into merits · SEBI directed to dispose representations dated October 17, 2015 and February 16, 2016 expeditiously on merits per law
  Appeal: Appeal Nos. 276, 277, 278, 279 of 2016 with Misc. Applications 222-225 of 2016 disposed on 08.12.2016 without going into merits
• Failure to achieve 25% minimum public shareholding by 3 June 2013; promoter shares transferred to Power Trust wrongly claimed as public shareholding.
  Voting rights and corporate benefits of promoters shares frozen per interim order 4 June 2013 · Promoters and directors restrained from dealing in shares of respective companies
  Appeal: Appeal Nos. 275, 289, 290, 296 of 2017 against SEBI order 25 July 2017; reserved 19.3.2019, decision 3.4.2019
• SAT matter SATV-E0506F51FD89E0B116B3C8F1
  Clarified SAT order dated April 3, 2019 · Quashed ex-parte interim order dated June 4, 2013 and confirmatory order dated July 25, 2017 qua appellants
• Failure to achieve 25% minimum public shareholding by 3 June 2013; Power Trust holding claimed as public treated as promoter holding.
  SEBI ex-parte interim order 4 Jun 2013 confirmed by order 25 Jul 2017
• Failure to achieve 25% minimum public shareholding by 3 June 2013; treating promoter shares parked in Power Trust as public shareholding to show compliance.
  SEBI ex-parte interim order 4 June 2013: voting rights and corporate benefits on promoter shares frozen · Promoters and directors restrained from dealing in shares of respective companies
• Non-compliance with minimum public shareholding requirement by respective listed companies
  SEBI directed to dispose appellants representations dated October 17, 2015 and February 16, 2016 as expeditiously as possible · Appeal Nos. 276-279 of 2016 and Misc. Applications 222-225 of 2016 disposed without going into merits with no order as to costs
  Appeal: Appeal Nos. 276, 277, 278 and 279 of 2016 disposed on 08.12.2016 with direction to SEBI to decide representations
• SAT matter SATV-E8ED004A7F8E1F6C3381E597
  SAT order dated April 3, 2019 clarified · SEBI ex-parte interim order dated June 4, 2013 quashed qua appellants