TMI BlogAcquisition of shares accounted for 16.77% of the total shareholding - The case of all the appellants in...Acquisition of shares accounted for 16.77% of the total shareholding - The case of all the appellants in this regard is that they had not “acquired” shares. - They executed agreement for pledge of the shares with these two appellants as a security towards finance to be raised. - Rule requires, disclosures even in case of pledge to private individual - Violation of rules established. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
