Rulings
SEBI: Directs Hotel Leela to make additional disclosures to shareholders regarding asset sale
SAT: Upholds penalty on stock broker for conducting manipulative self-trades in unprecedented magnitude
SAT: Upholds SEBI order imposing penalty; No differentiation between professional director & director simpliciter
SAT: Cannot deem Director to be ‘officer in default’ when Company has appointed MD
SAT: Reduces penalty for Takeover Code violation, aligns it with ‘open offer cost’
SAT: Slaps fine on SEBI for unjustly penalizing Compliance Officer serving notice period
SAT: Rejects ball passing by SEBI over IL&FS Sec. plea seeking fraudulent trades annulment
SAT: Disclosure under PIT Regulations ‘mandatory’; Upholds imposition of penalty by SEBI
SEBI: Penalizes company for allowing Promoter to sell shares during buyback offer period
SAT: Admonishes SEBI for ‘casual’ approach while deciding matter without evidence; Imposes cost
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