Rulings
SAT: Quashes SEBI-order penalising Merchant Banker, citing ‘inordinate’ delay in issuing SCN
SEBI: Lets off statutory auditors in matter alleging manipulation of accounts, absent ‘tangible evidence’
SEBI: Issues informal guidance on BRSR applicability to entity in top 1000 till FY 21
SEBI: Bars IIFL Securities from onboarding new clients, for 2 years
SEBI: Disposes of SCNs against Stock broker Sharekhan, given surrender of registration certificate
SEBI: Non-disclosure of ‘material events’ may pose serious challenge to market integrity; Imposes penalty
SEBI: Penalizes, restrains Shilpi Cables’ Directors from accessing securities market for misutilizing IPO funds
SAT: Quashes SEBI order citing “unreasonable” exercise of discretionary powers under Takeover Regulations
SEBI: "ZEEL used as piggy bank"; Bars Subhash Chandra, Punit Goenka from holding key positions, for fund-siphoning
SEBI: ‘Investment Advisor’s role crucial for securities market development’; Imposes penalty for due-diligence failure
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