rights and duties of the concerned partners vis-a-vis the GDR issue, warranties, approvals to be obtained, delivery of GDRs, payment, opinions ... payment to the underwriters/managers, they would successfully put through the GDR issue ?
(b) If both the purchase and resale theory and the finished package
GDR proceeds. On May 26, 2009, the
company made a corporate announcement that the GDR issues were
successfully subscribed. The company observed that ... loan from the EURAM Bank for
subscribing to GDR of the company. The said GDR issue would not
have been subscribed, had the company
guidelines for ADR/GDR issues by the Indian companies
under Euro issue and submitted that the issuance of GDR by the issuing
company and dealt ... finalization of issue structure by the issuing
company is made subject however to the final approval for proceeding
ahead with the issue from the Department
object of the GDR. It
was urged that the GDR proceeds were utilised in
accordance with the objects of the GDR issue and that
there ... Total Subscriber Period of Date of Order
No. GDR issuer of GDR Amount Debarment
company issue raised
by GDR
issue
(USD)
million
1. Morepan March
issue' is dependent upon the terms of the issue as agreed by the issuing
company with the lead managers. The details of GDR issued ... relevancy with issue of the
creditworthiness of the investors.
25. So far as the issue of cancellation of GDR's is concerned, the
Assessing
GDR) underlying 5 million GDRs
of the Company.
5. The sequence of events pertaining to the GDR issue of
the appellant are as follows ... GDR representing 50,000,000 equity
shares of Rs. 2 each at US$ 3.05 per GDR.
(v) On March 31, 2003, 5,000,000 GDR
attracting foreign exchange through issue of
GDR was vitiated by some of the entities who manipulated the
GDR issue process. The instant case ... GDR issue is untenable. An issue process is over only when the
proceeds from the issue is fully utilized as planned. GDR issue
is akin
facts relating to the GDRs of Asahi. Prior to
the GDR issue, Asahi had issued 3,71,96,000 fully
paid up equity shares ... purpose of
the issue and marketing the issue.
iii) Obtaining confirmation of acceptance of
subscription from the initial investors to
the GDR issue.
iv) Assisting
convenience) issue made in October 2010
and whether the GDR issue was carried out in accordance with
the procedures prescribed by law. Based ... opening a bank
account for the purpose of the GDR issue based on which in
October 2011 GDR issue amounting to USD 35.78 million
which
dispute that above violations are
committed in relation to the GDR issue of Cals. However, each appellant
claims to be a victim of that fraud ... Spice Energy group
8
and in-charge of the GDR issue, prevailed upon Goorha. This
fact was recorded by Goorha in his email dated
