SAT Stays SEBI Order Against Kishore Biyani, Future Group Entity
Feb 16 2021, 12:10 PM
February 15 2021, 10:08 PM
February 16 2021, 12:10 PM
The Securities Appellate Tribunal has stayed the market regulatorâs order that restricted Future Group founder Kishore Biyani, his brother Anil Biyani and Future Corporate Resources Pvt., along with other individuals from accessing the securities market for a year.
The Securities Appellate Tribunal has stayed the market regulatorâs order that restricted Future Group founder Kishore Biyani, his brother Anil Biyani and Future Corporate Resources Pvt., along with other individuals from accessing the securities market for a year.
A three-member bench led by Justice Tarun Agarwala, who heard the matter through video conferencing, stayed the effect and operation of Securities and Exchange Board of Indiaâs order. It has directed the entities to deposit an amount of Rs 11 crore and will hear the matter in April, as per the media rel
Xchanging Tech settles norms violation case with SEBI
The settlement order came after the company filed an application with the regulator proposing to settle the matter without admitting and denying the alleged violations
PTI | February 16, 2021 | Updated 21:17 IST
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Xchanging Technology Services India on Tuesday settled with Sebi a case of alleged violation of takeover norms in relation to XChanging Solutions Ltd after paying Rs 65.24 lakh as settlement charges.
The settlement order came after the company filed an application with the regulator proposing to settle the matter without admitting and denying the alleged violations.
According to the three-page order, the applicant also agreed to pay the differential amount in case there is an adverse outcome related to an appeal pending before the Securities Appellate Tribunal (SAT).
Xchanging Technology Services India on Tuesday settled with Sebi a case of alleged violation of takeover norms in relation to XChanging Solutions Ltd after paying Rs 65.24 lakh as settlement charges. The settlement order came after the company filed an application with the regulator proposing to settle the matter without admitting and denying the alleged violations. According to the three-page order, the applicant also agreed to pay the differential amount in case there is an adverse outcome related to an appeal pending before the Securities Appellate Tribunal (SAT). In May 2016, a merger agreement was entered into between Hewlett Packard Enterprise (HPE), Computer Sciences Corporation (CSC) and DXC Technology Company. The transactions contemplated under the agreement were completed in April 2017.