Rulings
SAT: Upholds penalty imposed for non-appointment of CS, Independent Directors absent ‘exceptional circumstances’
SEBI: Penalizes Company for disclosing Independent Director as Promoter on stock exchanges
SEBI: Slaps Rs. 25 lakh fine on CRAs for ‘brazen failure’ in IL&FS case
SEBI: Purchase of Employee Benefit Trust’s shares by Promoters not regulatory requirement
SAT: Quashes SEBI order debarring Director from market, absent involvement in fraudulent GDR issue
SAT: Upholds penalty imposed by NSE on Stock broker misusing clients’ securities
SEBI: Clarifies over investment conditions in LLP by Category II AIF
SAT: Directs Karvy to approach NSE against membership suspension; Cites efficacious remedy under NSE Rules
SAT: Upholds penalty imposed by NSE on trading member, for violating Code of Conduct
SAT: Directs SEBI to decide Bajaj Finance’s plea against Karvy order by December 10
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