Rulings
SEBI: Penalizes Noticees for depriving shareholders of exit-option at relevant time under Takeover Code
SEBI: ‘Mens rea’ irrelevant for determining charge for Takeover Code non-compliance, penalizes promoter
SAT: Terms UBHL’s disclosure of consolidated pledge transactions as ‘vague’, upholds SEBI penalty order
SEBI: Directs Forensic Audit of listed Co., cites suspicion of fund misuse & misrepresentation of business
SEBI: Imposes penalty for issuing NCDs without complying with public issue norms
SEBI: Imposes consolidated penalty on Acquirer for non-disclosures of off-market share acquisition
SEBI: Disposes Adjudication proceedings relating to non-redressal of investor complaint against Co. under Liquidation
SEBI: Directs Forensic Audit of ‘Shell Co.’, cites misreporting of Related Party Transactions & Accommodation entries
SEBI: Notes top management’s failure in discharging fiduciary responsibility in compliances, directs forensic audit
SEBI: Revokes trading restrictions on ‘Shell Company’, cites Listing Regulations’ compliance & adequate tangible assets
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