https://www.taxtmi.com/caselaws?id=394408 The Tribunal ruled in favor of the Company, finding that the issuance of Fully Convertible Debentures (FCDs) to existing shareholders did not constitute a public issue. It held that the Company complied with the Companies Act and SEBI regulations, including passing a special resolution and appointing a trustee. The Tribunal quashed the orders issued by SEBI's Whole Time Member, stating that the Company was not obligated to adhere to provisions concerning public issues. The appeal was allowed, and all directions from SEBI were set aside. en-us Tue, 28 Jan 2020 00:00:00 +0530 Sat, 11 Apr 2020 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394408 The Tribunal ruled in favor of the Company, finding that the issuance of Fully Convertible Debentures (FCDs) to existing shareholders did not constitute a public issue. It held that the Company complied with the Companies Act and SEBI regulations, including passing a special resolution and appointing a trustee. The Tribunal quashed the orders issued by SEBI's Whole Time Member, stating that the Company was not obligated to adhere to provisions concerning public issues. The appeal was allowed, and all directions from SEBI were set aside. Case-Laws SEBI Tue, 28 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394408