Rulings
SEBI: Acquits Stock Broker in compliance with the Stock Broker Regulations
SEBI: Imposes penalty for non-disclosure of the reference to web link and wrong categorisation of prepaid advertisement expenses
SC: Quashes SAT’s order, holds appointment of director post entering into share purchase agreement violates Takeover code
SEBI: Bars Dr. Mallya & key USL managerial personnel from securities market for diversion of funds
SAT: Upholds penalty for failure to disclose shares transfer against invocation of pledge upon breaching loan agreement
SAT: Upholds additional 10-year debarment of Co. Directors failing due diligence in clients’ fund management
SAT: Quashes Rs. 1 Cr penalty for Buy-Back Regulations violation when Reg. 5A & 19(7) non-compliance penalized separately
SEBI: Disposes show cause notice against promoter; Interprets ‘change’ under Insider Trading Regulations & Takeover Code
SC: Restores SEBI’s penalty for Takeover Code violation; Interprets ‘Offer Period’ vis-à-vis Share Purchase Agreement
HC: 'Gross negligence' 'professional misconduct ' of Statutory Auditor issuing false IPO certification, costs him ICAI members
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