Rulings
SEBI: Penalizes promoters for shirking ‘responsibility’, non-disclosure of individual shareholding increase
HC: Outside State’s power to legislate on bonds redemption; Strikes down law
SAT: PACs responsible for share-acquisition disclosures; Interprets Takeover Code, reprieves acquirers from penalty
SEBI: Bans promoters from securities market for wrong disclosures, variance between audited-unaudited results
SAT: Broker not a ‘STD’ operator, penalises Religare for clients’ fictitious trades
SAT: Takeover Code annual disclosures a ‘continual’ not ‘conditional’ obligation, upholds SEBI order
SEBI: Directs impounding of Rs 1.60cr unlawful gains by Bank of Rajasthan’s shareholders prior to merger-announcement
SC: Transferring NSE-membership under SEBI Rules is ‘compulsion of law’, eligible for fee-continuity benefit
SEBI: Orders adjudication proceedings for Takeover Code non-compliance, rejects no change in control defense
SEBI: Penalizes promoter-director for non-compliance of Insider Trading Regulations; Rules on directors’ continual disclosures
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