PFUTP Regulations Archives

Diversion of preferential allotment funds, contrary to disclosed object, constitutes violation of PFUTP Regulations: Supreme Court

Emphasizing investor protection and market transparency, the Supreme Court ruled that the unlawful diversion of preferential issue proceeds could not be legitimized through subsequent shareholder ratification.

Hemo Organic Ltd. misleading YouTube promotion

Case Briefs Tribunals/Commissions/Regulatory Bodies

SEBI finds no evidence of misleading YouTube promotions in Hemo Organic Ltd. stock activity; disposes of proceedings against the noticees

SEBI held that the material available on record was not sufficient to ascertain whether the Noticees disseminated misleading information in the scrip of Hemo Organic Ltd. to public through video on YouTube channels viz. “Money Wise” and “The Advisor”.

Case Briefs Tribunals/Commissions/Regulatory Bodies

SEBI imposes penalty on Arshad Warsi and his wife & 29 other entities; Bars from Securities Market for practicing fraudulent & unfair trade practices

On 2-3-2023, the Securities and Exchange Board of India (‘SEBI’) restrained the promoters of Sadhna Enterprises including Arshad Warsi along with other

Case Briefs Tribunals/Commissions/Regulatory Bodies

SEBI bans Mehul Choksi from securities market for 10 years and imposes a penalty of Rs. 5 crores for indulging in fraudulent and unfair trade practices

Securities and Exchange Board of India: Mehul C. Choksi has been restrained from buying, selling or dealing in securities and

Case Briefs Tribunals/Commissions/Regulatory Bodies

SEBI | Not informing Stock Exchanges about entering into agreements whereby proceeds of GDR were pledged, would amount to fraud under PFUTP Regulations, 1995

Securities and Exchange Board of India (SEBI): Ananta Barua, (Whole Time Member) by order, prohibited the Managing Director of Morepen Laboratories from

Case Briefs Tribunals/Commissions/Regulatory Bodies

Restraining order against 3 entities revoked, no adverse evidence in respect of violation of provisions of SEBI Act and PFUTP Regulations found

Securities and Exchange Board of India (SEBI): Madhabi Puri Buch, a Whole-Time Member addressed the issue of global depository receipts issued by