The document discusses several court cases that deal with the issue of minimum subscription requirements for public issues of stocks and shares. Several cases discuss companies that failed to meet the minimum subscription requirements under Indian law and were alleged to have improperly allotted shares without actually receiving the required level of financing from public subscriptions. Other cases discuss the appropriate level for setting minimum subscription amounts and the conditions for valid allotment of shares.
The document discusses several court cases that deal with the issue of minimum subscription requirements for public issues of stocks and shares. Several cases discuss companies that failed to meet the minimum subscription requirements under Indian law and were alleged to have improperly allotted shares without actually receiving the required level of financing from public subscriptions. Other cases discuss the appropriate level for setting minimum subscription amounts and the conditions for valid allotment of shares.
The document discusses several court cases that deal with the issue of minimum subscription requirements for public issues of stocks and shares. Several cases discuss companies that failed to meet the minimum subscription requirements under Indian law and were alleged to have improperly allotted shares without actually receiving the required level of financing from public subscriptions. Other cases discuss the appropriate level for setting minimum subscription amounts and the conditions for valid allotment of shares.
Exchange Board ... on 19 September, 2002 Companies Act, 1956 and failed to meet the minimum subscription of 90% do not therefore survive." 5. According ... actually received. In the company's public issue minimum subscription was not received, that five share applications for the amount Securities Appellate Tribunal Cites 27 - Cited by 1 - Full Document
Universal Incast Ltd. vs Appellate Authority
Securities ... on 15 October, 1999 stock investments to show that the company had the minimum subscription, as required, with the banks before listing was granted ... Sections 69 and 73 while laying down the minimum subscription requirement and the other conditions for valid allotment Punjab-Haryana High Court Cites 8 - Cited by 1 - Full Document
Gold Multifab Limited, Alok ... vs Chairman,
Securities And ... on 19 September, 2003 promoters/directors arranged finance for circumventing requirement of minimum subscription. The applications were arranged with the understanding that shares once ... charge that the Appellant Company allotted shares without receiving minimum subscription submitted that the Respondent's said contention is erroneous Securities Appellate Tribunal Cites 46 - Cited by 0 - Full Document
Indian States Bank Ltd. Official ... vs Kunwar
Sardar Singh And Ors. on 20 April, 1934 shares. It was stated also that the minimum subscription upon which the directors might proceed to allotment had been fixed ... articles and named in the prospectus as the Minimum subscription upon which the directors may proceed to allotment has been Allahabad High Court Cites 9 - Cited by 0 - Full Document
Paresh M. Parekh, Yogesh B. ... vs The
Chairman, Securities And ... on 8 October, 2002 public issue did not genuinely receive the stipulated minimum subscription of 90% of the issue amount, but created an illusion ... having received the minimum subscription, so as to save the public issue, as the failure of the public issue would Securities Appellate Tribunal Cites 13 - Cited by 0 - Full Document
Goldeline Financial Services ... vs Hyderabad
Stock Exchange on 7 February, 2001 prospectus that "If the company does not receive the minimum subscription of 90 per cent of the issued amount ... Companies Act, prohibits allotment of shares unless the minimum subscription stated in the prospectus is raised. 14. On a perusal Securities Appellate Tribunal Cites 11 - Cited by 0 - Full Document
Sebi vs Incap Financial Services Ltd. on 15
November, 2002 public issue of IFSL did not genuinely receive minimum subscription of 90% of the issue size from the public ... acting in concert with the promoters of IFSL. 5. Minimum subscription of 90% is mandatory for each issue of capital Securities Appellate Tribunal Cites 4 - Cited by 0 - Full Document
Sebi vs Gold Multifab Ltd. on 18 September, 2002
getting subscription and so the required amount of minimum subscription was arranged through financial arrangement by SPS. The understanding ... public issue to ensure that requirement of minimum subscription is met with; and once the shares were allotted and listed Securities Appellate Tribunal Cites 2 - Cited by 0 - Full Document
In Re: Happy India Insurance Co. ... vs Unknown
on 11 July, 1939 incorporated in 1936. The prospectus states that the minimum subscription upon which the Directors may proceed to allotment ... Articles and named in the prospectus as the minimum subscription on which the directors may proceed to allotment Calcutta High Court Cites 8 - Cited by 0 - Full Document
Dish Tv India Ltd vs Espn Software India Private
Ltd on 25 April, 2014 respondent being a service provider can specify the minimum subscription period of three months to the petitioner, which ... each of them under clause (1), to specify a minimum subscription period, not exceeding three months, for subscribing Telecom Disputes Settlement Tribunal Cites 3 - Cited by 0 - Full Document
Search Within Results
Create Alert Get alerts for new judgments
matching this query. RSS Feed for this query
Previous 1 2 3 4 5 6 7 8 9 10 Next
Filter Related Queries
minimum subscription securities and exchange board of india sebi securities exchange board of india sebi prospectus Results by Document Types All Laws Judgments Highcourts HC & SC Courts sebisat subsection section kolkata subsubsection delhi bombay gujarat kerala consumer_state Authors V Daga M Shah R Shakdher P R Nayar K Bapna Years 1956 2003 2002 2001 2007