Supreme Court · 2015 INSC 675 · Decided 18 September 2015
Kosha Investments LTD. v. Securities & Exchange Board of India & ANR.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 675 · [2015] 9 S.C.R. 412
- Case number
- CIVIL APPEAL No. 3219/2006
- Decided
- 18 September 2015
- Bench
- VIKRAMAJIT SEN, SHIVA KIRTI SINGH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Securities & Exchange Board of India (Substantial C Acquisition of Shares & Takeovers) Regulations, 199 7 - Reg 11 (1) and 14(1) - Requirement of making public announcement - Appellant consistently bought and sold shares of target company-SIL prior to June 1999 and also after August one of its promoters and did D not make required public announcement - Show cause notice to appellant- SEBI held that the appellant was already holding between 15% to 75% shares of SIL and it could acquire additional shares of this company without public announcement only upto 5% of its paid up
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)