Rulings
SEBI: Penalizes FTIL for not divesting holdings in Market Infrastructure Institutions; Censures 'buck-passing'
SEBI: Imposes Rs. 17 lakh penalty on Motilal Oswal for misusing client funds
SEBI: Bars RTA from new assignments for a month; Cites lack of due diligence
SAT: Allotment to less than 50 persons not ‘public issue’; Sets aside SEBI order
SAT: Quashes order imposing penalty lacking ‘intelligible differentia’; Remands matter to SEBI
SAT: Allows ex-Director’s ‘streedhan’ to be utilized for repaying investors; Upholds attachment order
SEBI: Penalizes Gitanjali Gems, Directors for “brazen failure” to disclose material events
SEBI: Exempts Family Trusts from open offer obligations w.r.t. acquisitions to streamline succession planning
SAT: Quashes SEBI order restraining Independent Director, absent involvement in carrying unregistered CIS
SEBI: Imposes Rs. 9 lakh penalty on Promoter for non-disclosure of change in shareholding
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