Rulings
SAT: Quashes SEBI’s “inappropriate” order directing deceased acquirers’ heirs to make open offer
SEBI: Directs Company, directors to refund money collected via allotment of “unlisted” preference shares
SEBI: Penalises company’s MD for insider trading based on UPSI pertaining to proposed merger
SEBI: ‘Improper’ to initiate adjudication proceedings against company under liquidation, absent leave from NCLT
SEBI: Penalises Birla Power Solutions Directors, Company Secretary for devising fraudulent GDR issue scheme
SAT: Affirms SEBI order penalising individuals for entering into reversal trades
SEBI: Allows Rakesh Jhunjhunwala’s settlement application in Aptech insider trading case
SEBI: Mere selling of shares in illiquid scrip doesn’t amount to trade manipulation
SEBI: Investment Advisers cannot charge brokerage fees, earn commission by referring clients
SEBI: Exonerates Independent Director in synchronised trades case, gives him “benefit of doubt”
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