Rulings
SEBI: Sahara Mutual Fund not ‘fit & proper’ person, cancels registration, observes compliance lapses
SEBI: Directs share disinvestment for failure to make public announcement for creeping acquisition
SEBI: Imposes penalty for Takeover Code’s non-compliance; Rejects technical & no mala-fide intention defense
SC: Affirms SEBI’s jurisdiction over GDR issue; Investor interest supreme, rejects “extra-territoriality” argument
SEBI: Restrains trader for fraudulently providing exit to promoters’ group in illiquid scrip
SEBI: Restrains 239 entities from securities market; Observes money laundering, tax evasion during IPO
SAT: HUF, though not director, deemed “person-acting-in-concert”, liable for Takeover Code compliance
SEBI: Share trading through screen-based mechanism no defence for concerted action, imposes penalty
SEBI: Directs public announcement for share acquisition, rejects Regional Director approval defence
SEBI: Impounds Rs 2 cr unlawful gains derived from insider trading; Expedites issue of notice
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