Rulings
SAT: Criticizes BSE for ‘conjecture’ based notice; SEBI gets stick for outsourcing responsibilities
SEBI: NBFCs, irrespective of RBI registration, not exempted from IPO regulations compliance; Orders refund
SEBI: Penalises co. for investors’ grievance non-redressal, observes ‘undermining’ of SCORE mechanism’s sanctity
HC: Quashes SEBI’s arrest order for dues non-payment, terms it ‘abuse of power’
SAT: Lifeline for DLF, ‘overregulation’ tongue-lashing for SEBI; Justice Devadhar’s scathing dissent
SEBI: Trading suspension in shares no justification for non-disclosure of off-market transaction
SEBI: Directs promoters to make public announcement, rejects ‘lack of clarity’ defense
SAT: ‘Financial duress’ no defence for non-submission of financial statements to stock exchange
SEBI: Penalises Acquirer for takeover code violation; Interprets ‘threshold’ vis-à-vis SEBI 2009 circular
SEBI: Identifies tax evasion artifice in abnormal scrip price shoot up
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