Rulings
SEBI: Disapproves Parshwanath meeting minimum public shareholding through open market sale of shares
SEBI: Penalizes sub-broker for market manipulation; Differentiates between ‘cross-deal’ & ‘negotiated deal’
SEBI: Pardons 'technical/minor' breach of Takeover Code ; Regulations' strict enforcement not warranted
SEBI: IPO proceeds utilization for inter-corporate loan, a 'material development', debars directors for non-disclosure
SC: Permits delisting, harmoniously interprets Delisting guidelines & Securities Contracts (Regulation) Rules
SEBI: Penalizes stock-broker for non-segregation of clients’ funds, holds SEBI Regulation compliance mandatory
SEBI: Holds joint-venture participation scheme as CIS, Orders scheme winding-up, Debars company & directors
SAT: Upholds penalty on making payments to ‘sub-broker’ by non-prescribed mode
HC: Jignesh Shah’s bail does not affect FMC order; Grievance only by appeal
SAT: Continual Disclosures under Insider Trading Regulations contemplates separate & independent compliance
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