Rulings
SAT: Quashes penalty orders passed by MCX Senior Manager, absent authority under law
SEBI: No open-offer when merger pursuant to court-order doesn’t directly involve Target Co.
SAT: Quashes SEBI-order debarring Co. for alleged GDR-issue fraud; Cites inordinate delay in proceedings
SAT: SEBI not ‘Tribunal’, affirms order rejecting IL&FS Securities’ plea to stay proceedings
SEBI: Investment advisers cannot charge implementation fee for advisory clients
SAT: 100% acquisition of company, irrespective of size, calls for compliances under PIT Regulations
SAT: Directs SEBI to pass final order in CG Power matter in 6 months
SEBI: Rs. 25 Cr. penalty on Yes Bank for inducing ‘hapless' customers into buying risky AT-1 Bonds
SEBI: Penalises RIL Promoters Rs. 25 Cr. for lapse in Takeover Regulations compliance, terms it “economic offence”
SAT: Valuation report required for Shareholders’ inspection with offer letter under Takeover Regulations
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