Supreme Court: Anti-Suit Injunction Cannot Rest on Speculation of Unenforceable Foreign Decree  ||  SC: High Court’s Location doesn't Become Arbitration Seat Merely by Appointing Arbitrator  ||  SC Disapproves PIL Challenging Inter-Se Evaluation of Tender Bids  ||  Delhi HC: Bail Grant or Cancellation Cannot Depend on Monetary Settlement With Complainant  ||  Kerala HC Directs Bar Council to Publish List of Advocates Practising Without AIBE Clearance, CoP  ||  Rajasthan HC: Candidate Cannot Blame E-Mitra for Failing to Correct Caste Category Within Deadline  ||  Patna HC: Mere FIR Registration cannot Justify Cancellation of PDS Licence  ||  Calcutta HC: NEET Medical Board Cannot Reassess Disability Percentage of PwBD Candidates  ||  Madras HC: MLAs Cannot Challenge Assembly Vote Later if They Raised No Objection During Voting  ||  Karnataka HC Upholds DRDO Land Acquisition, Citing Primacy of National Security    

SEBI Imposes Rs 8 Lakh Fine on Intercon Finance, 4 Other Entities for Violating Takeover Norms - (27 Dec 2019)

CAPITAL MARKET

Securities and Exchange Board of India while Acting against contravention of takeover norms has slapped a total fine of Rs 8 lakh on Intercon Finance Pvt Ltd and four other entities. The fine amount has to be paid "jointly and severally" by Intercon Finance and Munjal M Jaykrishna, Radhika Jaykrishna, Gokul M Jaykrishna and Paru M Jaykrishna. The matter pertains to acquisition of shares of AksharChem (India) Ltd by the entities.

Tags : SEBI   TAKEOVER  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved