https://www.taxtmi.com/caselaws?id=262611 An issuer in a rights issue remains primarily responsible for dispatching the abridged letter of offer and composite application forms by registered post or speed post within the prescribed time, and it cannot escape liability by blaming the registrar when non-dispatch is admitted. A false advertisement stating that dispatch had been made reinforced the regulatory breach and supported market-access restraint. Additional defaults regarding newspaper disclosure, the agreement with the registrar, and handing over records were treated as part of the broader non-compliance pattern. Denial of cross-examination was rejected because no written request was shown and the factual breach was admitted. The promoter was also held responsible on the surrounding facts. en-us Tue, 30 Sep 2014 00:00:00 +0530 Mon, 23 Oct 2017 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262611 An issuer in a rights issue remains primarily responsible for dispatching the abridged letter of offer and composite application forms by registered post or speed post within the prescribed time, and it cannot escape liability by blaming the registrar when non-dispatch is admitted. A false advertisement stating that dispatch had been made reinforced the regulatory breach and supported market-access restraint. Additional defaults regarding newspaper disclosure, the agreement with the registrar, and handing over records were treated as part of the broader non-compliance pattern. Denial of cross-examination was rejected because no written request was shown and the factual breach was admitted. The promoter was also held responsible on the surrounding facts. Case-Laws Companies Law Tue, 30 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262611