Order in the matter of GDR issue of Birla Cotsyn (India) Ltd

Last updated: 30 September 2020

Court :
SEBI

Brief :
Under Sections 11(1), 11(4) and 11B of the Securities and Exchange Board of India Act, 1992.

Citation :
WTM/AB/IVD/ID4/9275/2020-21

SECURITIES AND EXCHANGE BOARD OF INDIA FINAL ORDER
Under Sections 11(1), 11(4) and 11B of the Securities and Exchange Board of India Act, 1992.

In the matter of Birla Cotsyn (India) Limited

1. Present proceedings have emanated from the show cause notice dated January 09, 2018 (hereinafter referred to as, “the SCN”) issued to the Noticees, alleging violations of Section 12A(a), (b) & (c) of Securities and Exchange Board of India Act, 1992 (hereinafter referred to as, “SEBI Act, 1992”) read with Regulations 3(a), (b), (c) & (d) and 4(1), (2)(f), (k) & (r) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 (hereinafter referred to as ‘PFUTP Regulations, 2003’) by Birla Cotsyn (India) Limited (hereinafter referred to as “the Company”/ “Noticee No. 1”/ “BCIL”) and violations of Section 12A(a), (b) & (c) of SEBI Act, 1992 read with Regulations 3(a), (b), (c) & (d) and 4(1) of PFUTP Regulations, 2003 by Noticee No. 2 to 5. The Noticees were called upon to show cause as to why suitable directions under Sections 11(1), 11B and
Final Order in the matter of Birla Cotsyn (India) Limited 11(4) of the SEBI Act, 1992 should not be issued against them.

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