Reason:
under Section 381 of IPC and Section 52 of the IPO
Act are upheld. However, it is directed that both
CRIMINAL APPEAL ... sentences awarded to the appellant under IPC
and IPO Act would run “concurrently”.
As a consequence, if the appellant has already
undergone the period
noticed.
2
The issue regarding alleged manipulations in Initial Public
Offerings (IPOs) of various companies had been engaging the
attention of the Board for some ... received some information
regarding the alleged abuse and misuse of the IPO allotment process.
As a part of its ongoing surveillance activity, the Board initiated
into the issue of shares of 21 companies through initial public offerings (IPOs) during
the period 2003-2005. Investigations revealed that shares in the aforesaid ... IPOs,
which were reserved for retail investors, were irregularly acquired by many entities
2
through the medium of thousands of fictitious/benami applications. For this
into sections to facilitate analysis. They are:
A The Appeal
B The IPO, SEBI’s Investigation and the criminal complaint
C Application for Compounding ... been called into question in these proceedings.
3
PART B
B The IPO, SEBI’s Investigation and the criminal complaint
2 The appellant
name, the said company came up with an Initial Public Offer (IPO) of shares in the month of November 1999.
3. The Assessee filed ... Rajan on 25/2/1997 stating that the evaluation of IPO in the case of M/s HCL Consulting Ltd. was being done by Alex
2016
the usage Bank's agent network for marketing the various IPO's. The
assessee has not made TDS as applicable
Limited and Infrastructure Development Finance Company Limited in the Initial
Public Offerings (IPOs) made by them is the short question that arises for our
consideration ... well. These appeals are an offshoot of the Initial Public Offerings (IPO) scam
that was unearthed by the Securities and Exchange Board of India
29th June, 2011 at the time of its Initial
Public Offer („IPO‟ for short) with the following
objects of the issue, namely:
1. To meet ... Shares on Bombay
Stock Exchange Limited (BSE).
3. The proceeds of the IPO were to be utilised in the
following manner:
(in lakhs)
Sr. Particulars
amount of Rs. 12,62,518/- during the year under the head IPO expenses out
of which 1/5 amounting ... officer has stated that
majority of the expenses incurred under the head IPO expenses were not eligible
for deduction u/s. 35D as these expenses
involvement in a new issue of capital, including Initial Public
Offering (IPO), follow-on issue, etc. in the Securities Market for a period of
five ... carrying out "reasonable due diligence" in the matter of IPO of above said
the Issuer Company Company while acting as a BRLM
