Rulings
SC: Annual turnover not subject-matter but measure of broker registration-fee levy; Quashes SEBI’s demand
SC: Post-dated cheque, though dishonoured, consummates transaction; Takeover code applicable, clarifies ‘acquisition’ definition
SC: Subsequent entry/ exit of partners irrelevant for fee-continuity benefit on corporatisation
SEBI: Penalises Polaris’ Chairman & MD, ex-CFO for violating insider trading norms
SC: ‘Inability to pay’ no ground for reducing penalty; Quashes SAT order
HC: Subsequent events can’t frustrate sanctioned amalgamation-scheme; Company Courts lack order recall power
SEBI: Rejects belated knowledge defence of UB group for share pledge invocation disclosure delay
SC: Quashes SAT order; Broker’s annual ‘turnover’ includes transactions on behalf of clients
SEBI: Jagran Prakashan’s Compliance Officer violated insider trading norms, orders impounding of gains
SAT: ‘Art Fund’ falls under CIS Regulation, mandatory SEBI-registration contemplated, rejects Trust defense
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