Rulings
SEBI: Punishes auditor for co.’s non-compliance with accounting standards; Doesn’t buy ‘ambiguity’ defence
SEBI: Admonishes broker’s ‘lackadaisical attitude’ in settling clients’ funds; Client being ‘relative’ irrelevant
SEBI: Restrains Trading Members from securities market for facilitating deceptive transactions’ execution
SC: ‘Direct’ evidence no pre-requisite to nail brokers’ fraud; Surrounding circumstances reasonable proof
SEBI: Shareholding increase beyond threshold post-merger requires disclosures under Takeover Code/Insider Trading Regulations
SEBI: Penalizes Vijaya Bank (Debenture Trustee) for non-complying with Issue & Listing of Debt Securities, Regulations: SEBI
SEBI: Confirms interim directions for restraining 104-entities from accessing securities market
SEBI: Mere suspicion insufficient to prove ‘fraud’; Upholds SEBI jurisdiction despite pvt co’s shares involved
SEBI: Takeover Code disclosure mandatory irrespective of acquirer’s intention & CS’ non-appointment
SEBI: Cites Facebook mutual friend status to nail ‘insider’, directs unlawful gains disgorgement
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