Rulings
SAT: Disclosure of ICDs in Prospectus ‘important information’ for investment decision, however reduces debarment
SEBI: Exempts Govt. from making open-offer for capital infusion under Basel-III in Syndicate Bank
SEBI: Insider Trading Regulation not violated for non-intimation of pledge/de-pledge transaction, cites ‘technical’ default
SEBI: Confirms restraint order prohibiting Merchant Banker/MD for not satisfying ‘fit and proper’ criteria
SEBI: Issues ‘preventive’ interim-order for carrying portfolio management services sans registration
SEBI: Merchant Banker liable on failure to exercise due-diligence in disclosing ‘material’ information in prospectus
SEBI: Confirms ban on 76-entities for tax evasion/illegitimate gains, clarifies meaning of ‘preferential allotment’
SAT: Penalises co. & directors for misappropriation of unutilized IPO proceeds, Clause 49 violation
SEBI: Restrains Solapur-based Co.’s fund raising from farmers, violating public-issue norms; Follows SC’s Sahara ruling
SAT: Contracts worth 65% of annual order-book a ‘price-sensitive information’, upholds penalty order for delayed disclosures
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