https://www.taxtmi.com/caselaws?id=280213 The court directed the trust to sell a specific number of shares to the public by a deadline to address the issue of inadequate public shareholding, ensuring compliance with the minimum threshold set by regulations. The Securities and Exchange Board of India's concerns regarding the violation of securities regulations due to substantial shares being parked in the trust were acknowledged, emphasizing the importance of transparency and investor protection in the securities market. The trust's creation was questioned as an attempt to bypass mandatory public shareholding requirements, with SEBI emphasizing the need for adherence to regulatory standards and investor confidence. en-us Fri, 27 Jan 2017 00:00:00 +0530 Tue, 18 Apr 2023 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280213 The court directed the trust to sell a specific number of shares to the public by a deadline to address the issue of inadequate public shareholding, ensuring compliance with the minimum threshold set by regulations. The Securities and Exchange Board of India's concerns regarding the violation of securities regulations due to substantial shares being parked in the trust were acknowledged, emphasizing the importance of transparency and investor protection in the securities market. The trust's creation was questioned as an attempt to bypass mandatory public shareholding requirements, with SEBI emphasizing the need for adherence to regulatory standards and investor confidence. Case-Laws SEBI Fri, 27 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280213