https://www.taxtmi.com/caselaws?id=372605 Continuing disclosure under Regulation 13(3) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 was breached because disclosure of the share purchase was made well beyond the prescribed four working days. In a transferred share-rectification proceeding under Section 111A of the Companies Act, 1956, read with Section 59(4) of the Companies Act, 2013, the Tribunal's power was limited to rectifying the register or setting right the contravention. It had no jurisdiction to annul the share transfer or compel the shareholders to transfer their shares to the company. The impugned order was therefore unsustainable. en-us Thu, 06 Dec 2018 00:00:00 +0530 Tue, 25 Dec 2018 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372605 Continuing disclosure under Regulation 13(3) of the SEBI (Prohibition of Insider Trading) Regulations, 1992 was breached because disclosure of the share purchase was made well beyond the prescribed four working days. In a transferred share-rectification proceeding under Section 111A of the Companies Act, 1956, read with Section 59(4) of the Companies Act, 2013, the Tribunal's power was limited to rectifying the register or setting right the contravention. It had no jurisdiction to annul the share transfer or compel the shareholders to transfer their shares to the company. The impugned order was therefore unsustainable. Case-Laws Companies Law Thu, 06 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372605