https://www.taxtmi.com/caselaws?id=273565 The Securities and Exchange Board of India (SEBI) directed the promoters to disinvest 27,633 shares of the Target Company due to the violation of regulation 11(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. The proceeds from the sale were to be transferred to the Investor Protection and Education Fund to ensure compliance and safeguard investor interests. The promoters were given three months to complete the sale and required to file a compliance report within two weeks of completion. en-us Fri, 05 Sep 2014 00:00:00 +0530 Tue, 18 Apr 2023 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273565 The Securities and Exchange Board of India (SEBI) directed the promoters to disinvest 27,633 shares of the Target Company due to the violation of regulation 11(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. The proceeds from the sale were to be transferred to the Investor Protection and Education Fund to ensure compliance and safeguard investor interests. The promoters were given three months to complete the sale and required to file a compliance report within two weeks of completion. Case-Laws Companies Law Fri, 05 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273565