https://www.taxtmi.com/caselaws?id=308207 The judgment in this case found that the noticees engaged in fraudulent activities involving the introduction and transfer of fake shares, violating SEBI regulations. As a result, the noticees are restrained from trading securities for seven years, prohibited from holding director positions in listed companies for the same period, and ordered to make a public offer to acquire shares from public shareholders. Additionally, they must facilitate the delisting of the company if public shareholding drops below the minimum level. The court emphasized the severe impact of such fraudulent activities on the integrity of the securities market. en-us Tue, 27 Jul 2010 00:00:00 +0530 Thu, 08 Jun 2023 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308207 The judgment in this case found that the noticees engaged in fraudulent activities involving the introduction and transfer of fake shares, violating SEBI regulations. As a result, the noticees are restrained from trading securities for seven years, prohibited from holding director positions in listed companies for the same period, and ordered to make a public offer to acquire shares from public shareholders. Additionally, they must facilitate the delisting of the company if public shareholding drops below the minimum level. The court emphasized the severe impact of such fraudulent activities on the integrity of the securities market. Case-Laws SEBI Tue, 27 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308207