https://www.taxtmi.com/caselaws?id=279312 The court quashed SEBI's order directing refund of money collected under a share issue, citing lack of jurisdiction as the company did not fall within the categories specified under section 55A of the Companies Act. The court held that SEBI could not assume jurisdiction based on a deemed public issue, as the Central Government had already considered and dropped the matter. The writ petition challenging the order was allowed, emphasizing that the order was issued without jurisdiction. en-us Thu, 30 Jul 2009 00:00:00 +0530 Tue, 12 Mar 2019 17:18:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279312 The court quashed SEBI's order directing refund of money collected under a share issue, citing lack of jurisdiction as the company did not fall within the categories specified under section 55A of the Companies Act. The court held that SEBI could not assume jurisdiction based on a deemed public issue, as the Central Government had already considered and dropped the matter. The writ petition challenging the order was allowed, emphasizing that the order was issued without jurisdiction. Case-Laws Companies Law Thu, 30 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279312