News & Media 17th Apr 2024

With not more than Rs 600 stake, shareholder triggers SEBI probe into former Eveready Ind owner

Authors

Manendra Singh Partner | Mumbai

Latest Thought Leadership

Newsletter/Booklets 11th Feb 2025

Recent Developments in Direct Tax – January 31, 2025

Read More
News & Media 11th Feb 2025

New tax regime: Is this still better to invest in PPF, NSC, ELSS instead of fixed deposits?

Read More
Alerts & Updates 11th Feb 2025

SEBI proposes to allow Cat II AIFs invest more than 50% of the investible funds in listed securities, but there’s a catch

Read More
Alerts & Updates 10th Feb 2025

Trade Update – February 10, 2025

Read More

Williamson Magor and Co (WMCL),  which recently defaulted in repaying a loan of up to Rs 164 crore to various banks and financial institutions, has received another blow–this time, from a shareholder who holds just 0.0001 percent of its total shares. A complaint from a person, who bought just 10 WMCL shares for not more than Rs 600, has led the company to pay more than 300x that amount in penalty.

Asha Menon from Money Control authors an article on this issue “With not more than Rs 600 stake, shareholder triggers SEBI probe into former Eveready Ind owner” with detailed insights from our Partner Manendra Singh.

Read the article here

Privacy Policy

As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Economic Laws Practice (ELP) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ELP or any of its members to solicit any work through this website.