Minimum Subscription - Judgment Search Results

Paresh M. Parekh, Yogesh B. Vs. the Chairman, Securities and

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

..... that if the appellants applications are discarded the issue would have failed for want of minimum subscription after the allotment the appellants were paid back using the issue proceeds and as required ..... valia and trupti parekh acting in concert with shri pramod gupta promoter of mlcl 41 minimum subscription of 90 is mandatory for each issue of capital to public and if the company .....

Sebi Vs. Incap Financial Services Ltd.

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

..... ltd hereinafter referred as vfssl apparently acting in concert with the promoters of ifsl 5 minimum subscription of 90 is mandatory for each issue of capital to public and if the company ..... clear that the said action of vfssl is undesirable and enables dubious issues to show minimum subscription and get listed vfssl have thereby aided abetted and connived with the promoters in allotting .....

Roopram Sharma Vs. the Securities and Exchange Board of India

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

..... subsequently dishonoured the promoters contribution was not actually received in the company s public issue minimum subscription was not received that five share applications for the amount of rs 156 lacs ..... a view to ensure that in 7 days report it could be declared that the minimum subscription was received that these cheques also subsequently bounced anticipating that these cheques would bounce .....

Sebi Vs. Gold Multifab Ltd.

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

..... payments to its associates investigations revealed that issue was not getting the required minimum subscription and this requirement was shown to have been met through financing arrangement this ..... that registrar abetted promoters of gml in arranging finance for circumventing requirement of minimum subscription the applications were arranged with the understanding that shares once allotted and listed .....

Sebi Vs. Saket Extrusions Ltd.

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

..... of companies for making applications thus aiding and abetting the promoters to show attainment of minimum subscription and to corner shares and once allotment process is over receive back the stock ..... a thakkar and rashmikant a thakkar is fraudulent and enables dubious issues to show minimum subscription and get listed they have connived with the promoters in allotting shares without receipt .....

Hindustan Finstock Ltd. Vs. Securities and Exchange Board of India

Court: Gujarat

Reported in: (2002)3GLR717; [2003]47SCL530(Guj)

..... 11 of the act to refund the issue proceeds as minimum subscription of 90 was not received till the time of closure ..... reality the issue was not subscribed by 90 an artificial subscription was shown by the company the petitioner as per letter ..... lower authorities shows that there is sufficient explanation for artificial subscription made by khandwala family more particularly the petitioner has not .....

Sebi Vs. Anik Ship Breaking Industries

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

..... made available by asbil itself if the issue had failed due to non receipt of minimum subscription the company would have been required to repay the application moneys paid by the other ..... was intended to safeguard the amounts paid by the appellants until such time as the minimum subscription as disclosed in the prospectus is received by the company 6 4 the sebi disclosure .....

Sebi Vs. Rajesh Exports Ltd.

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

..... of these companies pursuant to which finance was arranged to meet the requirement of minimum subscription and on allotment of shares to nominees of vfsl and listing of the issue ..... large number of issues and facilitating circumvention of requirement of minimum subscription by creating an illusion that issue received the required subscription 13 it was also noticed that vfsl made an arrangement .....

T.U. Khatri Vs. Institute of Company Secretaries of India

Court: Mumbai

Reported in: [2002]122TAXMAN532(Bom)

..... been allotted to an amount not less in the whole than the minimum subscription b every director of the company has paid to the company ..... for any shares or debentures which have been offered for public subscription by reason of any failure to apply for or to obtain ..... for any shares or debentures which have been offered for public subscription by reason of any failure to apply for or to obtain .....

Sri M.V. Chandrashekar Vs. Dy. Commissioner of Income-tax

Court: Income Tax Appellate Tribunal ITAT

Reported in: (2004)91ITD543(Bang.)

..... reduced because the employees could not be suspended all other expenses like printing stationary subscription vehicle maintenance interest payment etc had to be incurred since possibilities of revival of ..... prior to 5 2 1991 the agricultural land could not be transferred less than minimum standard fragments through karnataka prevention of fragmentation and consolidation of holding repeal act 1990 .....