Judgment Search Results Home > Cases Phrase: companies act 1956 section 581za annual general meetings Court: sebi securities and exchange board of india or securities appellate tribunal sat Page 10 of about 192 results (0.360 seconds)

Dsq Holdings Limited Vs. Securities and Exchange Board of India

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

Reported in : (2005)60SCL156SAT

..... under regulation 2(h) of the said regulation "a person is deemed to be a connected person" if such person is a company under the same management or group or any subsidiary company thereof within the meaning of sub-section (1b) of section 370, or sub-section (11) of section 372, of the companies act,1956 (1 of 1956) or sub-clause (g) of section 2 of the monopolis and restrictive trade practice act, 1969 (54 of 1969) as the case may be".15. ..... in the 7th annual general meeting of the shareholding held on 30/09/ ..... of the right issue were made known to the investors and shareholders through the declarations under the listing agreement and the issue of the notice of the annual general meeting. ..... connection he requested the approval of the board to include the following item in the notice of the seventh annual general meeting. ..... to appellant, it is evident from the minutes that the board of directors of the company had passed the resolution to make a right issue subject to approval of the members in the general meeting, and that the board had also resolved to appropriately keep the stock exchanges informed. ..... considered and approved the above resolution for inclusion at the notice of the seventh annual general body meeting. ..... consistent with the decision of the board meeting, the company had also informed the stock exchange about the proceedings in the board meeting relating to right issue.however, because of the passage of time the company is unable to furnish any acknowledgement for .....

Rameshchandra Mansukhani, Nri Vs. Adjudicating Officer,

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... on a perusal of the notice given for holding 13th annual general meeting on 28th september, 2001 we find that under item no.10 the following has been stated: "resolved that subject to approval of the reserve bank of india and/or central government under foreign exchange management act, 1999 and subject to such other approvals, permissions and sanctions as may be necessary, if any, of the companies act, 1956, or any other act, consent of the company be and is hereby given under section 81(1) of the companies act, 1956 to the board of directors for allotment ..... resolution was also separately filed with the stock exchange despite the fact that it had already been filed with the stock exchange as part of the notice of the annual general meeting.further the appellant has also stated that the target company once again disclosed the entire information to its shareholders regarding the preferential allotment vide its annual report for the year 2002-03.we have no hesitation in accepting these facts of the case. ..... on august 21, 2001 the board of directors of the target company, keeping in view the market conditions prevailing at the relevant time and particularly the below par market price of the target company's scrip, considered the issuing of shares by way of preferential allotment to the promoters and included the same as one of the business items to be transacted at the annual general meeting scheduled to be held on 28/9/2001. .....

Transgene Bio-tech Ltd. Vs. Securities and Exchange Board of India

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

Reported in : (2005)4CompLJ166SAT

..... 1 in its annual general meeting (agm) held on 10/11/2001 passed a resolution, as required under section 81(1a) of the companies act, 1956 for issuing, on preferential basis, 25,00,000 equity shares of the appellant no. ..... the relevant date for the purpose of this clause means - the date 30 days prior to the date on which the meeting of the general body of the shareholders is held in terms of section 81(1a) of companies act, 1956, to consider the proposed issue. ..... (a) "relevant date' for the purpose of this clause means the date thirty days prior to the date on which the meeting of the general body of shareholders is held, in terms of section 81(1a) of the companies act, 1956, to consider the proposed issue.7. ..... on or before 9/2/2002 from the date of resolution passed under section 81(1a) of the companies act, 1956 and therefore, the company has not allotted the shares within the stipulated period and hence, the company is required to obtained a no objection/relaxation of sebi with regard to validity of the resolution.13. ..... chapter xiii of sebi (dip) guidelines deals with "guidelines for preferential issues" and the provisions thereof are mandatory in terms of regulation 13.0, which reads as under: regulation 13.0 - the preferential issue of equity shares ....by listed companies whose equity share capital is listed on any stock exchange to any select group of persons under section 81(1a) of companies act, 1956, on private placement basis shall be governed by these guidelines. .....

In Re: Prime Property Development

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... other locations in mumbai and other major cities.25/8/05 prime property development corporation ltd has informed bse that the registerof members & share transfer books of the company will remain closed fromseptember 26, 2005 to september 30, 2005 (both days inclusive) for the purpose of payment of dividend and annual general meeting of the company.2/9/05 prime property development corporation ltd has informed bse that the companyhas purchased a plot of land admeasuring about 4000 sq. ..... the company amounting to rs 1500 million to rs 2000 million by way of issue of further capital at premium with the consent of shareholders and subject to approval of appropriate authorities under section 81(1) of the companies act, 1956.4. ..... resources of the company, an amount not exceeding rs 2000/-million by way of further public / rights / preferential issue of capital / gdr issue atpremium subject to approval of shareholders under section 81 (1) of the companies act 1956 and other ..... continue, it is apprehended that innocent investors would be lured to invest in the shares of the company at the apparently inflated price and thereby providing an opportunity to the present promoters of the company to offload their holding.4.1 therefore, in exercise of the powers delegated to me by the sebi board in terms of section 19 of the securities and exchange board of india act 1992 read with section 11b and 11(4)(b), pending investigation and passing final order, i hereby issue the following directions, by way .....

In Re: Consortex Karl Doelitzsch

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... (depositories and participants) regulations 1996.3.7 with a view to ascertain the facts of the matter and determine whether the concerned entities have violated the provisions of the securities contracts (regulation) act, 1956, the depositories act, 1996 as well as that of the sebi act, 1992 and the rules and regulations made thereunder, sebi has initiated formal investigations into the matter.3.8 in the light of the above, i find that, prima-facie, the conduct of the ..... increase in shares of a company available for trading thus seriously impairing the value of securities held by genuine investors.also fake shares will lead to artificial increase in trading volumes.fake shares will also undermine the confidence of investors in securities market and seriously hinder the orderly development of securities market.3.10 in view of the above, i am satisfied that pending inquiry by sebi, it is necessary to issue an order, under section 11(4)(b) read with section 11(1) and 11b of sebi act with a view ..... 1,06,8008 42 0986201 1086200 1,00,0008 43 1086201 1186200 1,00,0008 44 1186201 1359000 1,72,800------------------------------------------------------------------------total 8,00,000------------------------------------------------------------------------ 2.11 ikon in its letter dated september 20, 2005 addressed to hyderabad stock exchange has stated the following: - ikon has not dispatched annual reports to apidc in the last 2 years. .....

Sebi Vs. J.G.A. Shah Share Brokers Private

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... alleging inter-alia that the company is ignoring the provisions of companies act, 1956, securities contract (regulations) act, 1956, listing agreement executed with the ..... , i am of the view that the penalty of ten days recommended by the enquiry officer is warranted.therefore, in exercise of the powers conferred upon me by virtue of section 19 of the securities and exchange board of india act, 1992 read with regulations 13 (4) and 13 (6) of sebi (procedure for holding enquiry by enquiry officer and imposing penalty) regulations, 2002, i direct that certificate of registration of j. ..... time period, a sudden spurt in the price and volume of the captioned company was observed by bse. ..... the company is also involved in undertaking marketing support services for various companies and manufacturing and marketing various consumer goods ..... the company came out with a public issue in 1994 and was listed on bse on 10th may 1994.the company is involved in the business of processing of cine and television films, video ..... the complaint, the exchanges were requested to furnish details relating to trading in the scrip and details about the preferential allotment made by the company.4. ..... on the stock exchange, mumbai (bse), madras stock exchange (mse), ahmedabad stock exchange (ase) and jaipur stock exchange (jse) apart from bangalore stock exchange (bgse), being the regional exchange of the company.3. ..... india limited (herein after referred as 'vtil') was incorporated in 1992 as a public limited company. .....

Sebi Vs. Pawan J. Chaudhary

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... inter-alia that the company, inter alia, is ignoring the provisions of companies act, 1956, securities contract (regulations) act, 1956, listing agreement executed with the exchanges.it also stated that the price of the scrip had gone up substantially.based on the complaint, the exchanges were requested to furnish details relating to trading in the scrip and details about the preferential allotment made by the company.4. ..... therefore, in exercise of the powers conferred upon me by virtue of section 19 of the securities and exchange board of india act, 1992 read with regulations 13 (4) and 13 (6) of sebi (procedure for holding enquiry by enquiry officer and imposing penalty) regulations, 2002, i hereby direct that certificate of registration of the pawan j chaudhary, member, registration no.inb010019411, ..... that to minimize the risk of bad deliveries i had obtained confirmations regarding genuineness and title of the shares introduced by the said two constituents, and only after confirmation by the company the said shares were introduced in the market. ..... time period, a sudden spurt in the price and volume of the captioned company was observed by bse. ..... the company is also involved in undertaking marketing support services for various companies and manufacturing and marketing various consumer goods and ..... the company came out with a public issue in 1994 and was listed on bse on 10th may 1994.the company is involved in the business of processing of cine and television films, video films .....

Sebi Vs. CochIn Stock Exchange Ltd.

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... cose has also submitted that in the annual general meeting held on september 30, 2005, it passed a special resolution under section 149 (2a) of the companies act, 1956 for commencement of new business stated in "other objects" of the memorandum of association, as suggested in the ..... self-regulatory organisation and achieve the objective of its establishment under scr act.5.1 having regard to the above, i, in exercise of the powers conferred upon me in terms of section 19 read with section 11, 11b of sebi act, 1992 and section 12a of securities contracts (regulation) act, 1956 in the interest of the securities market, hereby direct the governing ..... general functioning and administration of the exchange had not been carried out as per the provisions of scra and scrr.1.6 it was also observed that various circulars / directives / instructions issued by sebi under the provision of sebi act, 1992, was not complied with by the exchange.2.1 on the basis of the aforesaid findings a detailed show cause notice dated june 06, 2005 was issued to the governing board of cose under section 11 of securities contracts (regulation) act, 1956 ..... remaining deficiencies or corrective measures which cose is still required to take, are not serious enough which may warrant supercession of the governing board of the exchange under section 11 of scr act.4.8 however, in view of the forgoing, i am constrained to observe that the exchange is required to be more vigilant and has to improve its efficiency and .....

In Re: Ksl and Industries Ltd. and

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... board has also considered and accepted the sanction letter received from general insurance corporation of india for investment in the equity shares of the company.the board has considered preferential issue of equity shares to institutions for textiles and real estate projects of the company.the notice of extra ordinary general meeting to be held on december 26, 2006 for passing the resolution u/s 81(1 a) of the companies act, 1956 has been approved by the board.12-dec-2006 ksl & industries ..... such security; 2.2 dealing in shares of ksl & industries ltd (kslil) corporate announcements made by the company 2.2.1 the company has made the following major corporate announcements during the month of june 01, 2006 to december 18, 2006; table 6: corporate announcements of kslil date ksl & industries ltd has informed bse that the members at the 24th annual general meeting (agm) of the company held on june 06, 2006, inter alia, have passed the following businesses: subject to the approval of central ..... these entities from causing further damage or possible loss to investors.4 order 4.1 therefore, in order to protect the interest of investors and the integrity of the securities market, i, in exercise of the powers conferred upon me in terms of section 19 read with section 11(1), section 11(4) (b) and section 11b of sebi act, 1992, pending investigation and passing of final order, hereby issue the following directions, by way of ad interim, ex-parte order: 4.1.1 the following entities viz. .....

In Re: Shri D.S. Pendse and ors.; In

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... the same management or group or any subsidiary company thereof within the meaning of section (1b) of section 370, or sub-section (11) of section 372, of the companies act, 1956 (1 of 1956) or sub-clause (g) of section 2 of the monopolies and restrictive trade practices act, 1969 (54 of 1969) as the case may be; or (ii) is an official or a member of a stock exchange or of a clearing house of that stock exchange, or a dealer in securities within the meaning of clause (c) of section 2, and section 17 of the securities contracts (regulation) act, 1956 (42 of 1956) respectively or any employee of such member or dealer of a stock- exchange; (iii) is a merchant banker, share transfer ..... this term has been defined under regulation 2(k) of insider regulations which reads as under- any information which relates to the following matters or is of concern, directly or indirectly, to a company, and is not generally known or published by such company for general information, but which if published or known, is likely to materially affect the price of securities of that company in the market - 34. ..... any information which is of concern, directly or indirectly, to a company, which is not generally known or published by such company for general information but which after publishing is likely to materially affect the price of its securities in the market is considered as unpublished price sensitive information.36. .....