Rulings
SAT: Bogus corporate announcements intended to manipulate share-price, facilitate promoters exit, upholds restrain order
SEBI: ITC executive’s ‘miniscule’ share trading, though non-serious attracts Insider Trading Regulations
SEBI: No geographical bar for Indian citizen’s preferential issue investment; Slams promoter ‘facade’
SEBI: Takeover Code contemplates mandatory open-offer requirement on breaching threshold, acquirer’s intention immaterial
SEBI: Stranger cannot invest in preferential allotment; Uncovers ‘fictitious’ capital gains plan
SEBI: Restrains Tata Finance’s ex-MD from accessing market for manipulating subsidiary’s financials in Offer document
SC: Cracks down on IPO ‘scam’ perpetrated through fictitious de-mat accounts; Reverses SAT
SAT: Upholds debarment over IPO related non-disclosure but quashes SEBI’s funds ‘call back’ order
SEBI: Confirms interim order restraining Broker in facilitating suspicious fund-transfer in preferential allotment
SEBI: Penalises listed co., MD/WTD for failing to redress investor grievances, absolves independent directors
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