Rulings
SEBI: Restrains merchant banker’s activities post CBI arrest of MD; Corruption charges grave
SAT: Relying on auditors’ comfort letter meets ‘reasonable diligence’ test; Exonerates Merchant Banker
SEBI: Exonerates promoters from unfair trade practice allegation, absent proof of off-market share-transfer
SEBI: Penalizes PAC for acquisition through bulk deals without public-announcement; Explains ‘bulk transaction’
SEBI: Directs re–investigation in Sabero insider-trading case, observes inadequate evidence against insider
SEBI: Bars entity for sending investment tips via SMS sans statutory registration
SEBI: Grants exemption from open-offer compliance in share-acquisition by Family Trust for streamlining family succession
SEBI: Exempts Govt. from making open-offer for capital infusion under Basel norms in Allahabad Bank
SEBI: Refrains from ordering acquired shares’ divestment on delayed open-offer, weighs investors’ interest
SEBI: Warns independent director for non-compliance of minimum public-shareholding norms, elucidates roles & duties
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