Rulings
SEBI: Fines Unitech Promoter and Director for flouting insider trading norms
SAT: Quashes SEBI order penalizing Noticee without serving SCN; Cites natural justice principles’ violation
SEBI: Follow Companies Act provisions to identify ‘material subsidiary’ for LODR compliances
SAT: Dismisses appeal against BSE’s refusal to list shares, being ‘grossly barred’ by time
SEBI: Allows appointment of custodian by PMS sans delegation of custodial activities
SEBI: Listed entity’s scheme not for own employees’ benefit, outside SBEB Regulations purview
SEBI: Allows Infosys to issue shares pursuant to RSU-conversion within 1 year from buyback
SAT: Shareholders not ‘select group of persons’, hence offer of FCDs not ‘private placement’
SEBI: FPIs can invest in Indian Company’s unlisted equity shares, subject to applicable laws
SAT: Quashes SEBI order directing Fortis Healthcare to recover money from Religare Finvest
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