Supreme court's dicision in Sahara Real Estate Corporation Ltd V. SEBI The lesson to learn from

By:

CHANDRATE, K R

Material type:

Mixed materialsPublication details: 2013Description: 1516-25Subject(s):

INVESTMENT

NLM classification:

332.6

In: CHARTERED SECRETARYMSummary: In a landmark ruling the Supreme Court recently held that the optionally fully convertible debentures issued by two Sahara Group Companies was a public offer and hence fell within the purview of SEBI regulations and since the company failed to comply with relevent SEBI regulations and amounts collected were dircted to be refuned. The implications of this ruling are analysed here threadbare.

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Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		42/12	Available		P14752

In a landmark ruling the Supreme Court recently held that the optionally fully convertible debentures issued by two Sahara Group Companies was a public offer and hence fell within the purview of SEBI regulations and since the company failed to comply with relevent SEBI regulations and amounts collected were dircted to be refuned. The implications of this ruling are analysed here threadbare.

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