https://www.taxtmi.com/caselaws?id=103970 The court upheld the appellate authority of SEBI's jurisdiction to examine compliance with the minimum subscription requirement for listing permission. It found the petitioner did not genuinely receive the minimum subscription amount, leading to invalid allotment of shares due to non-compliance with statutory provisions. The court emphasized the importance of adhering to legal requirements to protect investors and prevent fraudulent practices, dismissing the petition and rejecting the request for a stay of judgment. en-us Tue, 25 Nov 1997 00:00:00 +0530 Sat, 25 Feb 2012 12:01:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103970 The court upheld the appellate authority of SEBI's jurisdiction to examine compliance with the minimum subscription requirement for listing permission. It found the petitioner did not genuinely receive the minimum subscription amount, leading to invalid allotment of shares due to non-compliance with statutory provisions. The court emphasized the importance of adhering to legal requirements to protect investors and prevent fraudulent practices, dismissing the petition and rejecting the request for a stay of judgment. Case-Laws Companies Law Tue, 25 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103970