Rulings
HC: Dismisses petitions in Minimum Public Shareholding norms violation case citing lack of territorial-jurisdiction
SAT: Quashes penalty on co. for appointing 75-year old individual as Director, given board’s prior-approval
SEBI: SEBI-order catches TV ‘guest experts’ pocketing profits from manipulative trades; Cautions investors acting on free-advice
SEBI: Directs Co.’s Director to disgorge over Rs. 1 cr. earned from contra trade
SEBI: “Not a body corporate” no excuse for providing unregistered Portfolio-Management services; Debars proprietor
SEBI: Suspends IA’s registration due to “casual approach” towards regulatory enforcement proceedings
SAT: Upholds SEBI-order barring Brightcom Group’s top executives from holding KMP positions
SEBI: 'Fit & proper person’ criteria not one-time condition; Suspends stock-broker's registration
SEBI: Mere application for intermediary registration does not ‘automatically’ grant right to get registered
SEBI: Slaps Rs. 93-lakh penalty on Co.’s MD, Compliance Officer for fraudulent shares allotment