SEBI relaxes mandate of additional disclosures for FPIs having more than 50% of its Indian equity AUM in a corporate group
Composite holding of such FPIs should be less than 3% of total equity share capital of apex company.
SEBI
Delhi High Court dismisses Bloomberg’s appeal against ADJ’s order to take down defamatory article against Zee Entertainment
“Appellants rushed to this Court without exploring the option of filing their reply to the application under Order XXXIX Rule 1 and 2 of the Civil Procedure Code, 1908 (‘CPC’) and/or application under Order XXXIX Rule 4 of the CPC for modification of the ex-parte ad-interim order.”
SEBI introduces Small and Medium REITS vide SEBI (REIT) (Amendment) Regulations, 2024
SEBI increases the ambit of the definition of REIT.
SEBI mandates Registration of Index Providers vide SEBI (Index Providers) Regulations, 2024
Certificate of Registration will be unless cancelled or suspended by the Board.
Calcutta High Court upholds validity of SEBI’s Exit Policy and SECC Regulations; directs Calcutta Stock Exchange to comply with SECC Regulations
“The SEBI has been established under SEBI Act as a statutory and regulatory body to protect the interest of the investors in securities and to promote the development of and to regulate the securities market and for matters connected therewith or incidental thereto.”
SEBI holds Guest Experts in violation of SEBI Regulations for Insider Trading nexus in stock recommendations on Zee Business
SEBI’s crackdown reveals guest experts’ violations in insider trading nexus on Zee Business, signaling a breach of regulatory standards. The investigation highlights a sophisticated network exploiting advance information for illicit gains, prompting stringent regulatory action.
Delhi High Court dismisses petition seeking investigation into financial irregularities by Indiabulls Housing Finance Limited
“The petitioner is an organisation alleging circular financial transactions, violations of statutes, and private wealth creation from public funds. Regulatory bodies, including the Ministry of Corporate Affairs, RBI, SEBI, and NHB, are implored to take swift action in response to the serious allegations.”
Khaitan & Co. releases ‘Foresight 2024’ on deal activity, tech innovation, and green initiatives
Foresight 2024 is a legal and regulatory playbook comprising significant themes that are anticipated this year and outlines how new and amended regulations can enable organisations to capitalise on the unique opportunities ahead
Conundrum under Equity Crowdfunding
by Dinesh Eedi* and Jyotshna Yashaswi**
Cite as: 2024 SCC OnLine Blog Exp 6
Securities Appellate Tribunal directs restitution of shares pledged in favour of Axis Bank, ICICI Bank, Bajaj Finance, HDFC Bank and IndusInd Bank
The appropriate process was not done and like a highway robber NSDL through illegal directions from SEBI transferred the pledged shares which were fungible, to the clients of Karvy which action was without any authority of law.
Securities Appellate Tribunal directs SEBI to pay 5 lakhs for its lackadaisical approach in defreezing of shares
The present case speaks volumes of the functioning of SEBI in reacting to matters at the last moment.
Tribunal RoundUp October and November 2023| Top Stories on Low Groundwater levels, Delhi’s Air Quality Index, Baap of Chart and more
A quick legal roundup to cover important stories from Tribunals, Regulatory Bodies, Commissions for the month of October and November 2023.
SEBI introduces “Most Important Terms and Conditions” to formalize broker-client relationship
On 13-11-2023, the Securities and Exchange Board of India (‘SEBI’) revised the Master Circular dated 17-5-2023 introducing a standard “Most Important Terms
SEBI bans ‘Baap of Chart’ owner from securities market; Imposes penalty of Rs. 17.2 crores
Securities and Exchange Board of India: In the instant matter, Mohammad Nasiruddin Ansari was alleged to have induced / influenced investors to
SEBI enhances scope of Utilisation of Investor Protection and Education Fund
On 20-10-2023, Securities and Exchange Board of India (‘SEBI’) notified the SEBI (Investor Protection and Education Fund) (Second Amendment) Regulations, 2023 to
Landmark Judgments on SEBI by Supreme Court and High Courts in 2022 Part II
by Siddharth R. Gupta*
Cite as: 2023 SCC OnLine Blog Exp 78
SEBI makes stringent provisions on Money Laundering and Terrorist Financing in accordance with PML (Maintenance of Records) Rules 2005
On 13-10-2023, the Securities and Exchange Board of India (‘SEBI’) notified amendments in its Master Circular dated 3-2-2023 on Guidelines on Anti-Money
Tribunal Monthly Roundup September 2023 | Top Stories on Estoppel by Election; compensation for lost property documents; ABC Bearings and Timken India amalgamation and more
A quick legal roundup to cover important stories from Tribunals, Regulatory Bodies, Commissions this month.
65 lakhs penalty imposed on stock traders by SEBI for violating insider trading rules in ABC Bearings and Timken India amalgamation
The merchant banker responsible for providing fair opinion to the ABC was given clean chit of the allegations of insider trading for lack of substantial evidence.
Khaitan & Co acts in relation to issuance of non-convertible debentures by Tata Communications Limited
DEAL DETAILS Tata Communications Limited | Issuance of non-convertible debentures Khaitan & Co (“Firm”) acted in relation to issuance of up to