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Judgment Search Results Home > Cases Phrase: mediation Sorted by: old Court: sebi securities and exchange board of india or securities appellate tribunal sat Year: 2012 Page 1 of about 3 results (0.068 seconds)

Jan 06 2012 (TRI)

Palco Recycle Industries Limited Vs. Securities and Exchange Board of ...

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

Decided on : Jan-06-2012

per: p. k. malhotra, member (oral) 1. the appellant before use is a company incorporated under the provisions of companies act, 1956 having its registered office at ahmedabad. its authorized share capital is rs.20 crores and paid-up capital is ` 5 crores. the company decided to come out with its maiden public issue and accordingly, filed its draft red herring prospectus with the securities and exchange board of india (the board) on november 1, 2010. the bombay stock exchange has also granted its in principle approval for listing of the company on january 5, 2011. the appellant states that it has responded to all the queries raised by the board from time to time. its grievance is that inspite of complying with all the queries raised by the board and repeated reminders, the board has not issued its approval for the proposed public issue of the company. it is, therefore, prayed by the appellant that direction be issued to the board to issue approval for the proposed public issue by the company. 2. we have heard the learned counsel on both sides for sometime. learned counsel for the board has raised a preliminary objection with regard to maintainability of the appeal. learned counsel for the appellant submitted that board cannot keep its application pending indefinitely when it has responded to all the queries raised by the board. without going into these issues raised by the parties it is stated by the learned counsel for the board that it will take a final decision on the .....

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Jul 05 2012 (TRI)

Tushar Jani Huf and Others Vs. Securities and Exchange Board of India ...

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

Decided on : Jul-05-2012

s.s.n. moorthy 1. the appellants in this case are stated to be regularly investing in shares and mutual fund schemes listed and recognized by the stock exchanges through intermediaries registered with the securities and exchange board of india (for short the board). the appellants belong to one family. respondent no.1 is the board. respondent no.2 is the board of trustees of hsbc mutual fund. respondent no.3 is hsbc mutual fund set up in the year 2002 with hsbc securities and capital markets (india) private limited as its sponsors. respondent no.4 is a private limited company promoted by hsbc limited and appointed by respondent no.3 to manage the mutual funds and operate its schemes in accordance with the provisions of the securities and exchange board of india (mutual funds) regulations, 1996 (hereinafter referred to as the regulations). respondent no.5 is the chief executive officer of the fourth respondent. 2. the facts of the case, in brief, are that the appellants invested a large sum of money in the hsbc gilt fund short term plan of respondent nos.2 to5 in october, 2008. it is the case of the appellants that around third week of february 2009, they came to know from their market sources that the respondents have made certain changes in the scheme and on account of the said changes the investments made by the appellants have been exposed to risk and the nav/price of the appellants investments has fallen substantially. before making these changes the respondents were .....

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Jul 16 2012 (TRI)

Kca Stock Broking Pvt. Ltd, Kolkata Vs. Securities and Exchange Board ...

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

Decided on : Jul-16-2012

p. k. malhotra 1. the appellant before us is a company incorporated under the provisions of the companies act, 1956. it is a member broker of the calcutta stock exchange ltd. and is also registered as a stock-broker with the securities and exchange board of india (for short the board). initially, one mr. k. c. agarwal was a member of the calcutta stock exchange ltd. in his individual capacity and subsequently under the scheme of corporatization of the board, membership of mr. k. c. agarwal was corporatized as kca stock broking pvt. ltd. accordingly, the board granted registration to the appellant. 2. on corporatization of the membership of the stock exchange, certain benefits of continuity of fee paid by the individual members were extended to the corporate entity on fulfillment of certain conditions. the payment of the fee and consequences of failure to pay fee by the stock-broker is governed by regulation 10 read with schedule iii and schedule iiia of the securities and exchange board of india (stock brokers and sub-brokers) regulations, 1992. the relevant provisions of the regulations are extracted below for ease of reference: payment of fees and the consequences of failure to pay fees. 10. (1) every applicant eligible for grant of a certificate shall pay such fees and in such manner as specified in schedule iii or schedule iiia, as the case may be: provided that the board may on sufficient cause being shown permit the stock-broker to pay such fees at any time before the .....

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