SEBI

Case BriefsTribunals/Commissions/Regulatory Bodies

SEBI | Failure to furnish the mandate results in restriction from the market which became a mandate thereafter

Securities and Exchange Board of India (SEBI): Ananta Barua, Whole Time Member while exercising the powers conferred under Sections 11(1), 11(4), 11(4A),

Case BriefsTribunals/Commissions/Regulatory Bodies

SEBI | To insulate the interest of the investors from impostures — Issues order for debarment

Securities and Exchange Board of India (SEBI):  Madahabi Puri Bach, Whole Time Member while keeping in view the violation of MPS requirement,

Case BriefsTribunals/Commissions/Regulatory Bodies

SEBI | To bring the proceedings initiated to a logical conclusion-Certificate of registration fails to survive

Securities Exchange Board of India (SEBI): G Mahalingam, Whole Time Member while exercising the powers conferred under Section 19 of the Securities

Cyril Amarchand MangaldasExperts Corner

Ponzi Schemes in India –The Legal and Regulatory Landscape

by Ankoosh Mehta† and Janvi Manek††
Cite as: 2021 SCC OnLine Blog Exp 64

Legislation UpdatesRules & Regulations

Board may grant reward in case of total reward payable is less than or equal to Rs. one crore upon the issuance of the final order

On August 05, 2021, the Securities Exchange Board of India makes Securities and Exchange Board of India (Prohibition of Insider Trading) (Second

Case BriefsTribunals/Commissions/Regulatory Bodies

SEBI | Jammu & Kashmir government exempted from Takeover regulations for the proposed acquisition of equity shares of Jammu and Kashmir Bank

Securities and Exchange Board of India (SEBI): S.K. Mohanty, Whole Time Member, exempted the Government of Jammu and Kashmir, from complying with

Case BriefsTribunals/Commissions/Regulatory Bodies

SEBI | Specious Portfolio, Spurious Manager -Deceptive Portfolio Manager with a real-looking-fake website caught and handled suitably

Securities and Exchange Board of India (SEBI): S.K. Mohanty, Whole Time Member while exercising the powers under Sections 11, 11(4),11B (1) and

Legislation UpdatesNotifications

SEBI issues circular for permitting non-scheduled Payments Banks to register as Bankers to an Issue

On August 03, 2021, SEBI issued a circular to protect the interests of investors in securities and to promote the development of,

Case BriefsTribunals/Commissions/Regulatory Bodies

SEBI | Deliberate act of creating fictitious volumes distorting market equilibrium suffers a monetary penalty even in the absence of disproportionate gains

Securities and Exchange Board of India (SEBI): Maninder Cheema, Adjudicating Officer, while affirming the violations under Regulation 3 (a), (b), (c), (d)

Case BriefsTribunals/Commissions/Regulatory Bodies

SEBI | Financial Racket: Kundra, Shetty into murky waters again | Imposes fine for insider trading on Viaan Industries

Securities Exchange Board of India (SEBI): Suresh B Menon, Adjudicating Officer, imposed a monetary penalty of Rs three lakh on Viaan Industries

Case BriefsSupreme Court

Compounding of offence under S. 24-A of SEBI Act: SC declares SEBI’s consent not mandatory but high deference to its view must be shown before ultimate decision

Supreme Court: A Division Bench of Dr D.Y. Chandrachud and M.R. Shah, JJ. declared that  SEBI’s consent is not mandatory for compounding

Case BriefsTribunals/Commissions/Regulatory Bodies

SEBI | Manipulation in prices, fraudulent scheme results in debarment-Global Infratech, Directors and 12 other entities ousted from the market

Securities Exchange Board of India (SEBI): Madhabi Puri Bach, Whole Time Member, considering the alleged violations committed, issued directions restraining Global Infratech

Case BriefsSupreme Court

Consent by majority of unit holders necessary when trustees decide to wind up Mutual Fund Scheme; SEBI (Mutual Funds) Regulations not arbitrary; Reg. 53 is ‘grey area’: SC in sequel to Franklin Templeton matter

Supreme Court: In a sequel to its earlier order directing winding up of six mutual fund schemes of Franklin Templeton Mutual Fund,

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CCI | Co-location facility of National Stock Exchange is anti-competitive? Is the service an autocratic move against traders? Comprehensive Report

Competition Commission of India (CCI): Coram of Ashok Kumar Gupta (Chairperson) and Sangeeta Verma and Bhagwant Singh Bishnoi (Members) addressed the allegations

Case BriefsTribunals/Commissions/Regulatory Bodies

SAT | SEBI exonerated preferential allottees, exit providers and LTP contributors from manipulation | SAT terms it ‘cryptic’

Securities Appellate Tribunal (SAT): A Bench of Justice Tarun Agarwala SEBI(Presiding Officer) and M.T. Joshi (Judicial Member) allowed a few appeals and

Case BriefsTribunals/Commissions/Regulatory Bodies

SEBI | Not so “independent” Independent director and a concocted scheme with affinity and consanguinity |SEBI takes on each violation with mordant remarks 

Securities and Exchange Board of India (SEBI): S.K. Mohanty, Whole Time Member, in a detailed 167 paged order, following the principles of

Case BriefsTribunals/Commissions/Regulatory Bodies

Decoded | SEBI bars Director of Franklin Templeton AMC, wife from accessing securities markets for 1 yr: Can redemption of units by Director of a mutual fund AMC be titled as fair conduct?

Securities Exchange Board of India (SEBI): G. Mahalingam (Whole Time Member) held that while directors are not prohibited from trading in units

Op EdsOP. ED.

SPAC Regulations in India: Identifying regulatory challenges and the way forward

by Karan Upadhyaya†

Case BriefsTribunals/Commissions/Regulatory Bodies

SEBI | A potential ‘No’ turned into a definite ‘Yes’| Yes Bank camouflaged risk with devious safeguards to lure investments in AT1 bonds| Attracted a Rs 25 crore penalty

Securities and Exchange Board of India (SEBI): Soma Majumder, Adjudicating Officer, imposed a 25 crore penalty on Yes Bank Ltd. (YBL), and

Case BriefsTribunals/Commissions/Regulatory Bodies

SEBI | Reliance ménage in trouble; Irregular shareholding, default in trading regulations | Obtruded with a ₹ 25 crore penalty

Securities and Exchange Board of India (SEBI): K Saravanan, Adjudicating authority, imposed a penalty of Rs 2 crore on Reliance Industries Ltd.