{"id":6430,"date":"2014-12-30T15:12:00","date_gmt":"2014-12-30T15:12:00","guid":{"rendered":"http:\/\/localhost\/sccblog\/?p=6430"},"modified":"2015-10-14T15:19:01","modified_gmt":"2015-10-14T09:49:01","slug":"information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/","title":{"rendered":"Information regarding investigation against Reliance Industries into alleged short selling of shares, not to be disclosed"},"content":{"rendered":"<p   ><span><span  >CIC has held that Securities and Exchange Board of India (SEBI) is allowed to withhold information regarding report of enquiry officer in probe into alleged short selling of shares by Reliance Industries Limited in 2007, observing that investigation in the matter is yet pending. The order of CIC came upon an appeal filed by a RTI activist who sought to know from SEBI the inspection report regarding the purported entities involved with RIL in the alleged short sale of shares of Reliance Petroleum in November 2007. The appellant also asked for information regarding various applications of consent order\/terms offered by RIL and the entities involved charged under Prohibition of Fraudulent and Unfair Trade Practices Regulations, entire papers in the file and file notings relating to the declining of the requests filed by RIL and other entities for the consent orders and for considering request for composition of offences under the Prohibition of Fraudulent and Unfair Trade Practices Regulations, and also entire papers in the file and file notings relating to the latest pending requests filed by RIL and other entities for the consent orders and for considering request for composition of offences under the Prohibition of Fraudulent and Unfair Trade Practices Regulations. Earlier, the said information was denied by SEBI on the ground that investigation had not concluded in the matter. After hearing both the parties, CIC noted that final orders in the matter were yet to be passed by the competent authority under the SEBI Act. Therefore, the process of investigation against the RIL was still pending before SEBI and it cannot be said the same has reached its conclusion. Hence, the requested information falls under exemption under Section 8(1); (h) of the Act. While declining to allow the disclosure of the required information, CIC further held, \u201cWe are of the view that the process of investigation against the RIL initiated by the SEBI is still continuing. Therefore, the disclosure of the requested information at this stage would impede the said process and defeat the purpose of the protection granted to such information. No concrete and tangible case of public interest has been made out by the appellant which may be described as overriding the protected interest.\u201d (<\/span><\/span><span  >Arun Kumar Agrawal v. SEBI, <span><a href=\"http:\/\/www.scconline.com\/LoginForNewsLink\/2014_SCC_OnLine_CIC_5983 \">2014 SCC OnLine CIC 5983<\/a><\/span>, decided on November 28, 2014)<o:p><\/o:p><\/span><\/p>\n<p >\n<p   ><span><span  >&nbsp;<\/span><\/span><\/p>\n<p ><span><span  >&nbsp;<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CIC has held that Securities and Exchange Board of India (SEBI) is allowed to withhold information regarding report of enquiry officer in <\/p>\n","protected":false},"author":3,"featured_media":7321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11],"tags":[2606],"class_list":["post-6430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tribunals_commissions_regulatorybodies","tag-right_to_information"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Information regarding investigation against Reliance Industries into alleged short selling of shares, not to be disclosed | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Information regarding investigation against Reliance Industries into alleged short selling of shares, not to be disclosed\" \/>\n<meta property=\"og:description\" content=\"CIC has held that Securities and Exchange Board of India (SEBI) is allowed to withhold information regarding report of enquiry officer in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-12-30T15:12:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-10-14T09:49:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sucheta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sucheta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/\",\"name\":\"Information regarding investigation against Reliance Industries into alleged short selling of shares, not to be disclosed | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg\",\"datePublished\":\"2014-12-30T15:12:00+00:00\",\"dateModified\":\"2015-10-14T09:49:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/7416b8c43cd3a0a3412cf97fc17b54fa\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/#primaryimage\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg\",\"width\":1330,\"height\":887},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Information regarding investigation against Reliance Industries into alleged short selling of shares, not to be disclosed\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/7416b8c43cd3a0a3412cf97fc17b54fa\",\"name\":\"Sucheta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g\",\"caption\":\"Sucheta\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/legal_editor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Information regarding investigation against Reliance Industries into alleged short selling of shares, not to be disclosed | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/","og_locale":"en_US","og_type":"article","og_title":"Information regarding investigation against Reliance Industries into alleged short selling of shares, not to be disclosed","og_description":"CIC has held that Securities and Exchange Board of India (SEBI) is allowed to withhold information regarding report of enquiry officer in","og_url":"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2014-12-30T15:12:00+00:00","article_modified_time":"2015-10-14T09:49:01+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg","type":"image\/jpeg"}],"author":"Sucheta","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Sucheta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/","url":"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/","name":"Information regarding investigation against Reliance Industries into alleged short selling of shares, not to be disclosed | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg","datePublished":"2014-12-30T15:12:00+00:00","dateModified":"2015-10-14T09:49:01+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/7416b8c43cd3a0a3412cf97fc17b54fa"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg","width":1330,"height":887},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2014\/12\/30\/information-regarding-investigation-against-reliance-industries-into-alleged-short-selling-of-shares-not-to-be-disclosed\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Information regarding investigation against Reliance Industries into alleged short selling of shares, not to be disclosed"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/7416b8c43cd3a0a3412cf97fc17b54fa","name":"Sucheta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g","caption":"Sucheta"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/legal_editor\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":241873,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/01\/06\/sebi-reliance-industries-ltd-and-its-md-mukesh-d-ambani-found-indulged-in-fraudulent-trade-practises-an-exemplary-penalty-of-rs-25-crore-and-15-crore-imposed-respectively-by-sebi\/","url_meta":{"origin":6430,"position":0},"title":"SEBI | Reliance Industries Ltd. and it&#8217;s MD Mukesh D. Ambani found indulged in fraudulent trade practises, an exemplary penalty of Rs 25 crore and 15 crore imposed respectively by SEBI","author":"Editor","date":"January 6, 2021","format":false,"excerpt":"Security and Exchange Board of India (SEBI): B J Dilip, (Adjudicating Officer) imposed the penalty of 25 crores and 15 crore respectively on Reliance Industries Ltd. (RIL) and its MD,\u00a0 Mukesh D. Ambani for making unfair and undue profits by means of fraudulent trade practices. SEBI conducted an investigation into\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":246716,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/08\/reliance\/","url_meta":{"origin":6430,"position":1},"title":"SEBI | Reliance m\u00e9nage in trouble; Irregular shareholding, default in trading regulations | Obtruded with a \u20b9 25 crore penalty","author":"Editor","date":"April 8, 2021","format":false,"excerpt":"Securities and Exchange Board of India (SEBI): K Saravanan, Adjudicating authority, imposed a penalty of Rs 2 crore on Reliance Industries Ltd. (RIL), while making the noticees responsible not only on their own behalf but also on behalf of the minor noticees, being their natural guardians. The issue herein was\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":279569,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/12\/14\/supreme-court-accepts-sebi-apology-and-drops-contempt-proceedings-against-it-legal-research-legal-news-updates\/","url_meta":{"origin":6430,"position":2},"title":"Supreme Court accepts SEBI&#8217;s apology and drops contempt proceedings against it","author":"Editor","date":"December 14, 2022","format":false,"excerpt":"In a matter relating to criminal proceedings against Reliance Industries, SEBI had failed to comply with the Supreme Court's order directing it to furnish a copy of documents, leading to initiation of contempt proceedings against SEBI.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/12\/MicrosoftTeams-image-463.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":293170,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/29\/analysing-sebis-proposals-to-the-disclosure-framework\/","url_meta":{"origin":6430,"position":3},"title":"Analysing SEBI\u2019s Proposals to the Disclosure Framework","author":"Editor","date":"May 29, 2023","format":false,"excerpt":"by Samiksha Maskara\u2020","rel":"","context":"In &quot;Op Eds&quot;","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"disclosure framework","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/disclosure-framework.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/disclosure-framework.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/disclosure-framework.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/disclosure-framework.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":276455,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/11\/01\/mehulc-choksi-restrained-securities-prohibited-accessing-securitiesmarket-10years-penalty-5crores-indulging-fraudulent-unfair-tradepractices-securitiesandexchangeboardofindia-sebi-legal-research-updat\/","url_meta":{"origin":6430,"position":4},"title":"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","author":"Editor","date":"November 1, 2022","format":false,"excerpt":"\u00a0 \u00a0 Securities and Exchange Board of India: Mehul C. Choksi has been restrained from buying, selling or dealing in securities and is prohibited from accessing securities market for a period of 10 years with a penalty of Rs. 5 crores for indulging in fraudulent and unfair trade practices. Facts:\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"SEBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-111-4.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":298646,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/08\/05\/sat-directs-sebi-refund-rs-25-crore-penalty-by-reliance-violating-sast-regulations\/","url_meta":{"origin":6430,"position":5},"title":"Explained| SAT order directing SEBI to refund Rs. 25 crore penalty deposited by Reliance for violating SAST Regulations","author":"Editor","date":"August 5, 2023","format":false,"excerpt":"There is no such thing under the SAST Regulations that acquisition and holding of shares without making a public announcement is a violation.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"securities appellate tribunal, mumbai","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/securities-appellate-tribunal-mumbai.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/securities-appellate-tribunal-mumbai.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/securities-appellate-tribunal-mumbai.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/securities-appellate-tribunal-mumbai.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/6430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=6430"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/6430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/7321"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=6430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=6430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=6430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}