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Rights Issue Gone Wrong?

SEBI says unsecured loans given by promoters cannot be adjusted against their entitlement in a rights issue; SAT says they can.

July 23, 2011 / 16:01 IST
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SEBI says unsecured loans given by promoters cannot be adjusted against their entitlement in a rights issue; SAT says they can. SEBI says it is a violation of the Companies Act; SAT says it

TAGS: #BMR Advisors #Companies Act #Finsec Law Advisors #Indus Law #JSA #Kartik Ganapathy #Management #Nitin Potdar #Payaswini Upadhyay #Sandeep Parekh #SAT #SEBI #SRM Energy #Vivek Gupta
first published: Jul 23, 2011 03:22 pm

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