Rulings
SAT: Takeover Code non-compliance attracts monetary penalty, Rejects ‘financial difficulty’, ‘Sick Co.’ defense, upholds SEBI-order
SEBI: Penalises Piramal Enterprises & top-management for non-closure of trading window during Abott deal
SEBI: Grants open-offer exemption in Wipro for re-constitution of Premji firms under RBI-NBFC guidelines
SEBI: Restrains adviser for offering ‘accurate’ stock tips without obtaining SEBI-registration
SEBI: Penalises proprietor for providing ‘investment advisory services’ sans SEBI-registration, relies on bank-statements for scrutiny
SEBI: Exempts Govt. from making open-offer for capital infusion under Basel-III in IOB
SEBI: Exempts Govt. from Takeover Code compliance for capital infusion under Basel-III in UBI
SAT: Quashes SEBI’s disinvestment order, Relies on DP’s statement over BSE data for determining shareholding
SAT: Modifies SEBI’s order, reduces debarment for IPO fund-diversion & investors’ exit post-listing
SEBI: Exempts Govt. from open-offer obligation for Basel-III capital infusion in Dena Bank
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