( 9315 results )
Securities & Exchange Board of India

SEBI: Penalises co. for disclosures delay under Takeover-Regulations; Rejects ‘previous management’s responsibility’ defence

  • Citation Number : LSI-548- SEBI-2015-(MUM)
Company Law Board

CLB: Allows amendments to Sec 397/398 petition at hearing completion stage, for continuing mismanagement

  • Citation Number : LSI-539-CLB-2015-(NDEL)
Securities & Exchange Board of India

SEBI: NBFCs not exempted from public issue compliances; Orders refund of monies

  • Citation Number : LSI-537- SEBI-2015-(MUM)
Securities Appellate Tribunal

SAT: Upholds SEBI order penalising appellant for SCORES non-registration

  • Citation Number : LSI-536-SAT-2015-(MUM)
Securities & Exchange Board of India

SEBI: Accepts Jaipur Stock Exchange’s voluntary exit application; Orders post exit obligations compliance

  • Citation Number : LSI-535- SEBI-2015-(MUM)
Securities Appellate Tribunal

SAT: Rs 2 lakhs penalty ‘not excessive’ for non-obtainment of SCORES login; Dismisses appeal

  • Citation Number : LSI-534-SAT-2015-(MUM)
Securities & Exchange Board of India

SEBI: Gives “benefit of doubt” to Merchant Banker as co. concealed info pre-IPO

  • Citation Number : LSI-533- SEBI-2015-(MUM)
High Court

HC: Draws difficult “dividing line” between personal & corporate rights; Dismisses majority shareholders ‘derivative-action’ suit

  • Citation Number : LSI-532-HC-2015-(CAL)
Company Law Board

CLB: Irrefutable right of investor to nominate director of choice; No Board discretion

  • Citation Number : LSI-530-CLB-2015-(NDEL)
High Court

HC: Can’t direct SEBI to exercise ‘discretionary’ investigative powers; Acquiring shares ‘voluntary’ act

  • Citation Number : LSI-526-HC-2015-(DEL)
Securities & Exchange Board of India

SEBI: Dismisses SCN alleging ‘fraudulent’ shares selling; Mere ‘probabilities’ can’t establish a charge

  • Citation Number : LSI-525- SEBI-2015-(MUM)
High Court

HC: Allows investigation against impleaded party in Sec. 397/398 proceedings; Funds siphoning allegations serious

  • Citation Number : LSI-522-HC-2015-(P & H)
Securities & Exchange Board of India

SEBI: Reclassifying promoters as public shareholders to meet 25% threshold gross misrepresentation

  • Citation Number : LSI-520- SEBI-2015-(MUM)
Company Law Board

CLB: Director has unfettered right to resign despite co’s outstanding-liabilities; Co. refusal ill-founded

  • Citation Number : LSI-519-CLB-2015-(CHE)
High Court

HC: Quashes FERA proceedings for two-decades unexplained delay, emphasizes ‘right to speedy trial’

  • Citation Number : LSI-517-HC-2015-(DEL)
Company Law Board

CLB: Sec. 397/398 remedy available only to existing shareholders, not to persons long disassociated

  • Citation Number : LSI-512-CLB-2015-(NDEL)
High Court

HC: Can’t enforce “colourable device” aided debenture transaction meant to circumvent FDI policy

  • Citation Number : LSI-511-HC-2015-(BOM)
Securities & Exchange Board of India

SEBI: Despite share transfer agent’s due-diligence failure, refrains from penalty imposition

  • Citation Number : LSI-509- SEBI-2015-(MUM)
Securities & Exchange Board of India

SEBI: Penalises target co. for annual shareholding disclosures, ​‘belated’ disclosure ​doesn’t serve purpose​

  • Citation Number : LSI-508- SEBI-2015-(MUM)
Securities & Exchange Board of India

SEBI: Person acting in concert with acquirer collectively responsible for Takeover Regulations breach

  • Citation Number : LSI-507- SEBI-2015-(MUM)