Case Law Details
Case Name : In re Sahara India Real Estate Corporation Ltd. (SEBI)
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SEBI
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SECURITIES AND EXCHANGE BOARD OF INDIA
Sahara India Real Estate Corporation Ltd., In re
PRASHANT SARAN, WHOLE TIME MEMBER
WTM/PS/32/SEC/FEB/2013
FEBRUARY 13, 2013
ORDER
1. SIRECL had issued Optional Fully Convertible Debentures [hereinafter called “the OFCDs”] to the tune of Rs. 19,400 crores approximately as on 13.04.2011 (as mentioned in SIRECL’s affidavit dated 4.01.2012 filed before the Hon’ble Supreme Court). As various illegalities were committed in the issuance of the OFCDs, the Securities and Exchange Board of India [hereinafter “SEBI [WTM...
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GOOD STEPS BY SEBI
IN LAST 2.5 DECADE’S SO MANY PUNTER’S COMPANY VANISH WITH PUBLIC MONEY BY PUBLIC ISSUE AND ANY HOW THEY HAVE DE LISTED COMPANY BY BREACHING EXCHANGE RULE TAKE ACTION ON THEM PUNISH THEM AND RECOLLECT PUBLIC AMOUNT FROM PROMOTERS PRIVATE CAPITAL AND ASSETS