Shielding SEBI: On Supreme Court’s ruling and SEBI probe
1 year, 2 months ago

Shielding SEBI: On Supreme Court’s ruling and SEBI probe

The Hindu  

The Supreme Court of India’s ruling on a batch of petitions, filed in the wake of a U.S.-based short seller’s allegations of malfeasance including stock price manipulation at the Adani group of companies, has squarely tossed the ball back to the markets regulator’s court. The Court has opted to subordinate petitioners’ entreaties to protect larger public interest to its chariness to substitute “its own wisdom over the regulatory policies” of the Securities and Exchange Board of India. Strikingly, the Bench has completely skirted the fundamental questions that the Court-appointed Expert Committee in its May 2023 report had opted to leave as a ‘matter between SEBI and the Court’ — the determination of possible violations pertaining to minimum public shareholding and related party transactions. The Bench has instead seized upon prayers urging the Court to direct SEBI to revoke its amendments to the Foreign Portfolio Investors Regulations and Listing Obligations and Disclosure Requirements — amendments that were at the heart of petitioners’ submissions of regulatory failure — and roundly denied them on grounds that there was neither “any illegality”, nor were the norms “capricious, arbitrary or violative of the Constitution”. While the Court’s reluctance to review the policy actions of a ‘specialised regulator’ is understandable, the decision to leave the crucial question of SEBI’s perceived tardiness in investigating allegations of corporate malfeasance and market manipulation by a large conglomerate back to the remit of the very same watchdog hints at a degree of judicial abstinence that may only undermine the larger public good.

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History of this topic

Sebi chief warns against "sledgehammer" regulation in complex F&O market
1 day, 14 hours ago

Sebi chief warns against "sledgehammer" regulation in complex F&O market

Live Mint  

Mumbai: The stock market regulator cannot restrict retail investors in derivatives based on specific thresholds, said Tuhin Kanta Pandey, chairperson, Securities and Exchange Board of India, calling it a "sledgehammer" approach. NSE sought a no-objection certification on the IPO from Sebi on 27 August, 2024, but Sebi raised concerns about technical glitches and issues with key managerial personnel that could …

Madhabi Puri Buch’s Sebi tenure: A legacy of reform, controversy, and resistance
2 weeks, 3 days ago

Madhabi Puri Buch’s Sebi tenure: A legacy of reform, controversy, and resistance

Live Mint  

In August 2024, Madhabi Puri Buch, then-chairperson of India’s market regulator Securities and Exchange Board of India, was on a long-overdue vacation in Turkey when a crisis erupted. “While Buch denied any wrongdoing, such allegations, even if unproven, raised questions about the regulator’s impartiality and eroded public trust," said Zubin Morris, partner at law firm Little & Co. Buch's Sebi …

SEBI Broadens Scope of Unpublished Price Sensitive Information; Details Inside
2 weeks, 5 days ago

SEBI Broadens Scope of Unpublished Price Sensitive Information; Details Inside

ABP News  

Markets regulator Sebi has widened the ambit of the scope of Unpublished Price Sensitive Information by including any proposed fundraising activities agreements which can impact the management or control of the company, restructuring plans, and one-time bank settlements. Sebi said that fraud or defaults by the company, its promoter, director, key managerial personnel, or subsidiary or arrest of key managerial …

Madhabi Puri Buch case: Bombay HC stays order directing FIR against former SEBI chief, others
Trending News
4 weeks ago

Madhabi Puri Buch case: Bombay HC stays order directing FIR against former SEBI chief, others

The Hindu  

The Bombay High Court on Tuesday stayed a Mumbai sessions court order for four weeks that directed the Anti-Corruption Bureau to register an FIR against the former Securities and Exchange Board of India Chairperson Madhabi Puri Buch and five other SEBI and Bombay Stock Exchange officials in an alleged stock market fraud, regulatory violations, and corruption linked to the listing …

DC Edit | 30-yr Sebi FIR: Why long delay?
4 weeks ago

DC Edit | 30-yr Sebi FIR: Why long delay?

Deccan Chronicle  

A Mumbai court dealing with anti-corruption cases has ordered the Anti-Corruption Bureau, Mumbai, to register a First Information Report against former Securities Exchange Board of India chairperson Madhabi Puri Buch, three Sebi whole-time members, and Bombay Stock Exchange chairman Pramod Agarwal and CEO Sundararaman Ramamurthy. Though the Bombay high court has stayed the anti-corruption court’s direction, it was surprising that …

Spotlight on Sebi’s conduct
4 weeks ago

Spotlight on Sebi’s conduct

Hindustan Times  

A special court ordering registration of FIRs against Madhabi Puri Buch, who just completed her tenure as the chairperson of the Securities and Exchange Board of India and five others, in connection to allegations of financial fraud, regulatory violations and corruption puts the market regulator under the spotlight again. The Anti-Corruption Bureau court said there was “prima facie evidence of …

Bombay High Court halts Maharashtra ACB action against ex-SEBI chief Madhabi Puri Buch, others till March 4
4 weeks, 1 day ago

Bombay High Court halts Maharashtra ACB action against ex-SEBI chief Madhabi Puri Buch, others till March 4

The Hindu  

The Bombay High Court on Monday asked the Anti-Corruption Bureau not to act on a Mumbai sessions court order to register an FIR against former Securities and Exchange Board of India Chairperson Madhabi Puri Buch and five others, until March 4, 2025. The sessions court on March 1, 2025 directed the ACB to register a First Information Report against Buch …

Bombay HC to hear pleas of ex-Sebi chief, others on March 4; ACB to not act on special court order until then
Top News
4 weeks, 1 day ago

Bombay HC to hear pleas of ex-Sebi chief, others on March 4; ACB to not act on special court order until then

Live Mint  

The Bombay High Court is set to hear the pleas of the former Sebi chief and others on March 4, the Anti-Corruption Bureau will not proceed with the special court order until then, reported PTI. The development comes after the market regulator informed to initiate legal action against the court order alleging ex-SEBI Chief Madhabi Puri Buch and five others …

Bombay HC grants urgent hearing on FIR order against ex-Sebi chief Madhabi Puri Buch, others
4 weeks, 1 day ago

Bombay HC grants urgent hearing on FIR order against ex-Sebi chief Madhabi Puri Buch, others

Live Mint  

The Bombay High Court has granted an urgent hearing for SEBI and BSE's challenge against an FIR involving allegations against ex-SEBI chief Madhabi Puri Buch and five other officials over regulatory violations and stock market violations, according to a CNBC TV-18 report. On Saturday, March 1, a special Anti-Corruption Bureau court in Mumbai ordered the registration of an FIR against …

SEBI, BSE respond to allegations against Madhabi Buch, 5 others: Will take ‘appropriate legal steps’
Top News
4 weeks, 1 day ago

SEBI, BSE respond to allegations against Madhabi Buch, 5 others: Will take ‘appropriate legal steps’

Hindustan Times  

The Securities and Exchange Board of India and the Bombay Stock Exchange have responded to an order by a special Mumbai court against the former’s ex chairperson and five others saying that they will challenge the order with “appropriate legal steps”. The response comes after an anti-corruption court in Mumbai ordered a probe against ex SEBI chairperson Madhabi Buch and …

'Prima Facie Evidence Of Regulatory Lapses' : Court Orders FIR Against Ex-SEBI Chief Madhabi Puri Buch & BSE Officials
4 weeks, 1 day ago

'Prima Facie Evidence Of Regulatory Lapses' : Court Orders FIR Against Ex-SEBI Chief Madhabi Puri Buch & BSE Officials

Live Law  

A Special Court in Mumbai on Saturday ordered the Anti-Corruption Bureau, Mumbai to register a FIR against former Securities and Exchange Board of India SEBI) chairperson - Madhabi Puri Buch and also three of its "whole time members" and the top brass of the Bombay Stock Exchange, Special Judge passed the order in an application under Section 156 Cr.P.C. Special …

SEBI to challenge Mumbai Court’s corruption probe FIR order on ex-Chief Madhabi Puri Buch
4 weeks, 1 day ago

SEBI to challenge Mumbai Court’s corruption probe FIR order on ex-Chief Madhabi Puri Buch

Live Mint  

The Securities and Exchanges Board of India, on Sunday, March 2, announced that they will initiate appropriate legal action over the corruption court order, which involves an allegation of involvement of SEBI's ex-Chief Madhabi Puri Buch and five other officials into an irregularity in granting listing permission to a firm, according to an official press release. “SEBI would be initiating …

Special court in Mumbai orders case against ex-SEBI Chairperson Madhabi Buch
4 weeks, 2 days ago

Special court in Mumbai orders case against ex-SEBI Chairperson Madhabi Buch

Op India  

A Mumbai special court has ordered the launching of an FIR against former SEBI Chairperson Madhabi Puri Buch and five others over alleged financial fraud, regulatory violations, and corruption, a court order showed. An application was filed before the Special ACB Court in Mumbai by the complainant- Sapan Shrivastava, a Thane-based legal news reporter- seeking directions to the concerned police …

Stock market 'fraud': Court orders FIR against ex-Sebi chief Madhabi Puri Buch, 5 others
Top News
4 weeks, 2 days ago

Stock market 'fraud': Court orders FIR against ex-Sebi chief Madhabi Puri Buch, 5 others

Deccan Chronicle  

Mumbai, March 2: A special court here has directed the Anti-Corruption Bureau to register an FIR against former Sebi chairperson Madhabi Puri Buch and five other officials in connection with alleged stock market fraud and regulatory violations. Apart from Buch, the other officials against whom the court has ordered registration of the FIR are BSE's Managing Director and Chief Executive …

Mumbai Court Orders FIR Against Ex-SEBI Chief Madhabi Buch And Others In Stock Market Fraud
4 weeks, 2 days ago

Mumbai Court Orders FIR Against Ex-SEBI Chief Madhabi Buch And Others In Stock Market Fraud

ABP News  

A Mumbai court ordered a First Information Report to be registered against some top officials of the Securities and Exchange Board of India including former SEBI Chairperson Madhabi Puri Buch. A special Anti-Corruption court ruled that a FIR should be registered against these entities in a case related to alleged stock market fraud and regulatory violations. The complaint accused the …

Court orders FIR against ex-Sebi boss Madhabi Puri Buch, five others in alleged stock market fraud
Top News
4 weeks, 2 days ago

Court orders FIR against ex-Sebi boss Madhabi Puri Buch, five others in alleged stock market fraud

New Indian Express  

MUMBAI: A special Anti-Courrption Bureau court here directed the Mumbai Police to file an FIR against former Sebi chairperson Madhabi Puri Buch and five senior officials of the Bombay Stock Exchange in connection with alleged stock market fraud and regulatory violations. The court was hearing a petition filed by Thane-based journalist Sanap Srivastav alleging financial fraud, regulatory violations, and corruption …

Mumbai court directs case against Madhabi Buch, top Sebi, stock market officials
4 weeks, 2 days ago

Mumbai court directs case against Madhabi Buch, top Sebi, stock market officials

India Today  

A special Anti-Corruption court in Mumbai on Saturday ordered the registration of an FIR against top officials of the Securities and Exchange Board of India including former Sebi Chairperson Madhabi Puri Buch and Bombay Stock Exchange in a case of alleged stock market fraud and regulatory violations. The complainant contended that Sebi officials failed in their statutory duty, facilitated market …

Sebi says will challenge order directing case against Madhabi Buch, others
4 weeks, 2 days ago

Sebi says will challenge order directing case against Madhabi Buch, others

India Today  

The Securities and Exchange Board of India on Sunday said that it will soon initiate legal steps to challenge the special Anti-Corruption court which directed an FIR to be filed against former chairperson Madhabi Puri Buch and other officials in connection with alleged stock market fraud and regulatory violations. SEBI would be initiating appropriate legal steps to challenge this order …

Sebi notches up governance norms and easing procedures: What it means for investors
1 month, 3 weeks ago

Sebi notches up governance norms and easing procedures: What it means for investors

Live Mint  

The market regulator’s latest updates to the listing regulations present a wholesome platter of governance enhancements, accompanied by a fine glass of procedural easing to wash it down. Sebi’s changes in this matter aim at bolstering the independence of secretarial auditors by introducing stricter conditions including mandatory rotation of secretarial auditors, mirroring the approach already present for statutory auditors. Sebi …

Front running case: Sebi bans 2 persons from securities market for 6-month
2 months ago

Front running case: Sebi bans 2 persons from securities market for 6-month

Live Mint  

New Delhi, Markets regulator Sebi on Tuesday restrained two persons from the securities market for six months and directed them to disgorge ₹34.26 lakh "wrongful gains" made by them through their involvement in front-running activities. Ltd. in the cash market and equity derivatives segments of NSE by its dealer Kadam in the trading account of Bhatkar based on the impending …

Adani-Hindenburg Matter : Supreme Court Affirms Registry's Refusal To Accept Plea To Direct SEBI To Complete Probe
2 months ago

Adani-Hindenburg Matter : Supreme Court Affirms Registry's Refusal To Accept Plea To Direct SEBI To Complete Probe

Live Law  

The Supreme Court on January 27 dismissed a litigant's challenge to an order passed by the Registrar of the Court refusing to register his application for direction to the Securities and Exchange Board to file its investigation report in the Hindenburg Research-Adani Group matter.A bench of Justices JB Pardiwala and R Mahadevan passed the order rejecting a Miscellaneous Application. The …

Supreme Court dismisses application seeking SEBI’s investigation report in Hindenburg Research-Adani Group matter
2 months ago

Supreme Court dismisses application seeking SEBI’s investigation report in Hindenburg Research-Adani Group matter

Live Mint  

The Supreme Court of India has today dismissed an application seeking the Securities and Exchange Board's investigation report into the Hindenburg Research-Adani Group matter, according to an ANI report. The application rejected by Registrar of apex court was to direct the SEBI to submit its conclusive investigation report on the allegations made by the US-based short seller Hindenburg Research against …

Sebi settles adjudication proceedings against Paytm executives
2 months, 2 weeks ago

Sebi settles adjudication proceedings against Paytm executives

Live Mint  

Mumbai: Markets regulator Securities and Exchange Board of India has settled adjudication proceedings against several executives and independent directors of One97 Communications Ltd, the parent of fintech firm Paytm, for alleged violations of securities laws. The adjudication proceedings stemmed from concerns raised by Sebi in July 2023 regarding the actions of Amit Khera, Paytm’s then-compliance officer and company secretary, as …

Sebi bars smallcap firm and related entities from trading after alarming surge in stock price
2 months, 2 weeks ago

Sebi bars smallcap firm and related entities from trading after alarming surge in stock price

Live Mint  

The Securities and Exchange Board of India has temporarily restrained the trading activities of Pacheli Industrial Finance Ltd following an alarming surge in the Mumbai-based company’s stock price and questions surrounding its financial dealings. “Situations like the one at hand raise fundamental questions about Sebi’s role as the securities market regulator, statutorily mandated to safeguard the interest of the investors,” …

SAT's Achilles' Heel: The Urgent Case For Contempt Powers
2 months, 3 weeks ago

SAT's Achilles' Heel: The Urgent Case For Contempt Powers

Live Law  

Born from a need for expediting resolutions, tribunals have evolved into indispensable part of the Judiciary since they represent the hope to satisfy public demand for quick and effective justice. While tribunals such as the National Company Law Tribunal and National Company Law Appellate Tribunal wield codified contempt powers to enforce their orders, the Securities Appellate Tribunal is a clear …

Sebi clubs fund diversion, disclosure violation probes against ZEE, Punit Goenka and Subhash Chandra
2 months, 4 weeks ago

Sebi clubs fund diversion, disclosure violation probes against ZEE, Punit Goenka and Subhash Chandra

Live Mint  

The capital market regulator on Thursday clubbed proceedings against Zee Entertainment Enterprises Ltd, its chief executive Punit Goenka and former chairman Subhash Chandra over allegations of fund diversion and violation of disclosure requirements. In response, Zee and Goenka filed settlement applications with Sebi, which the regulator rejected in April 2023 and referred the case for further investigation. In August 2023, …

This stock rallied 10,000% over ‘fake’ disclosures and now is in Sebi’s crosshairs. Do you own it?
3 months, 1 week ago

This stock rallied 10,000% over ‘fake’ disclosures and now is in Sebi’s crosshairs. Do you own it?

Live Mint  

Securities and Exchange board of India on Monday suspended trading in shares of Bharat Global Developers Ltd., the latest in a string of crackdowns on companies manipulating their stock price through accounting frauds and fake disclosures. Stocks Rallied Over 10,000% In 1 Year Shares of the Gujarat-headquartered company surged over 10,000% in the 12-month period ending November as it announced …

Sebi suspends Bharat Global trading after stock rally 10,000 per cent in one year
Trending News
3 months, 1 week ago

Sebi suspends Bharat Global trading after stock rally 10,000 per cent in one year

New Indian Express  

MUMBAI: The market regulator Sebi has ordered the suspension of trading in Bharat Global Developers’ stocks, which have surged more than 10,000 per cent in the past year. The decision came after it was discovered that the company had falsely claimed to have secured large orders from marquee corporates like Reliance, Tata Group, UPL, and McCain India Agro. In a …

SEBI suspends trading of Bharat Global Developers over financial misrepresentation
3 months, 1 week ago

SEBI suspends trading of Bharat Global Developers over financial misrepresentation

Deccan Chronicle  

New Delhi: Markets regulator Sebi on Monday suspended trading in Bharat Global Developers Ltd for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. In fact, such wealth has arisen from misrepresentation of the company's business and financials to general investors and shareholders," Sebi Whole Time Member Ashwani Bhatia said in his 25-page order. Accordingly, Sebi in …

Sebi suspends trading of Bharat Global Developers shares over financial misrepresentation
Top News
3 months, 1 week ago

Sebi suspends trading of Bharat Global Developers shares over financial misrepresentation

Hindustan Times  

Markets regulator Sebi on Monday suspended trading in Bharat Global Developers Ltd for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. The SEBI Bhavan at BKC Bandra in Mumbai Additionally, the regulator has barred the company, its managing director Ashok Kumar Sewada, CEO Mohsin Shaikh and directors --Dinesh Kumar Sharma and Nirali Prabhatbhai Karetha -- and …

Sebi halts trading in Bharat Global Developers over suspected stock price manipulation
Trending News
3 months, 1 week ago

Sebi halts trading in Bharat Global Developers over suspected stock price manipulation

Live Mint  

The market regulator has suspended trading in Bharat Global Developers Ltd’s shares until further notice over allegations of fraudulent activities and false disclosures in a rare such action. "The shocking falsities presented by BGDL as legally required disclosures to the exchange expose a clear fraudulent scheme," said Sebi's order, authored by whole-time member Ashwani Bhatia. Regulator's scrutiny Citing Sebi's proactive …

Bombay High Court Issues Notice To SEBI In Plea Against Mutual Fund Ads By Association Of Mutual Funds In India
3 months, 2 weeks ago

Bombay High Court Issues Notice To SEBI In Plea Against Mutual Fund Ads By Association Of Mutual Funds In India

Live Law  

A Public Interest Litigation had been filed in the Bombay High Court seeking directions to the Securities and Exchange Board of India to withdraw the permission granted to the Association of Mutual Funds in India in relation to The PIL filed by a chartered accountant alleges that the AMFI has misused the permission/liberty granted by SEBI for the commercial benefit …

Sebi against exuberance, price manipulations in SME listings; board to discuss it soon: WTM Bhatia
3 months, 2 weeks ago

Sebi against exuberance, price manipulations in SME listings; board to discuss it soon: WTM Bhatia

Live Mint  

Mumbai, Dec 17 Capital markets regulator Sebi wants to prevent exuberance, price manipulations and fraudulent trading practices on the Small and Medium Enterprises exchange, a senior official said on Tuesday. Addressing the India SME Banking Summit here, Whole Time Member Ashwani Bhatia said the regulator's board will be taking up the issue at its forthcoming meeting. "We are cognisant of …

Sebi board likely to tighten SME listing norms
3 months, 2 weeks ago

Sebi board likely to tighten SME listing norms

New Indian Express  

Late October the Sebi said it would come out with a discussion paper aimed at finalising some measurers to tighten the regulatory framework for SME IPOs. In a stern action on December 3, the Sebi cancelled the issue by Trafiksol ITS Tech and ordered the company to refund the Rs 45 crore collected through the issue to investors within a …

SC favours sending pleas over CCI probe against Amazon, Flipkart to Karnataka HC
Trending News
3 months, 2 weeks ago

SC favours sending pleas over CCI probe against Amazon, Flipkart to Karnataka HC

Hindustan Times  

NEW DELHI: The Supreme Court on Monday said it was prima facie inclined to send all petitions challenging the Competition Commission of India’s anti-trust probe against e-commerce giants Amazon and Flipkart for alleged malpractices to the Karnataka high court. “Prima facie, we are of the view that all writ petitions be transferred and heard by the Karnataka high court,” a …

Supreme Court backs moving cases against Amazon, Flipkart to Karnataka High Court
3 months, 2 weeks ago

Supreme Court backs moving cases against Amazon, Flipkart to Karnataka High Court

India Today  

The Supreme Court on Monday expressed its inclination to transfer petitions filed by e-commerce giants Amazon and Flipkart, challenging a Competition Commission of India probe order, to the Karnataka High Court for adjudication. “Prima facie, we are of the view that all cases, which are pending in various high courts, should be transferred to Karnataka High Court for hearing,” the …

Supreme Court denies special treatment to CCI over Amazon, Flipkart probe, refuses to transfer petitions
3 months, 2 weeks ago

Supreme Court denies special treatment to CCI over Amazon, Flipkart probe, refuses to transfer petitions

Live Mint  

The Supreme Court has clarified to the Competition Commission of India that it will “not get special treatment” as the top court refuses to transfer the writ petitions filed in several High Courts challenging its antitrust probe against e-commerce giants Amazon and Flipkart. The Supreme Court has suggested that all petitions be consolidated with a single judge according to the …

Supreme Court To Hear Plea By CCI Seeking To Transfer Amazon, Flipkart Cases
Trending News
3 months, 2 weeks ago

Supreme Court To Hear Plea By CCI Seeking To Transfer Amazon, Flipkart Cases

Live Law  

The Supreme Court will soon consider the plea filed by the Competition Commission of India seeking the transfer of writ petitions filed challenging the probe against e-commerce giants Amazon and Flipkart. Attorney General for India, R Venkatramani today mentioned before the bench of CJI Sanjiv Khanna for hearing the transfer pleas before December 17 as then the Karnataka High Court …

CCI enlists attorney general R Venkataramani to clear path for Amazon, Flipkart antitrust probes
3 months, 3 weeks ago

CCI enlists attorney general R Venkataramani to clear path for Amazon, Flipkart antitrust probes

Live Mint  

New Delhi: The Competition Commission of India has engaged attorney general R Venkataramani, the country’s highest-ranking law officer, to fight its case against various current and former online sellers of Amazon and Flipkart, including Cloudtail India Pvt Ltd, Appario Retail Pvt Ltd and Samsung India Electronics Pvt Ltd, two people informed about the development said. These companies have filed writ …

Amazon, Flipkart's support for unfair business practices irks CCI, matter goes to Supreme Court
3 months, 3 weeks ago

Amazon, Flipkart's support for unfair business practices irks CCI, matter goes to Supreme Court

India TV News  

Troubles for Amazon and Flipkart continue as they face significant legal challenges. The Competition Commission of India has recently taken action by filing a petition in the Supreme Court, accusing both companies of unfair business practices. If the court rules in favour of Amazon and Flipkart, it could slow down the CCI's ongoing investigations and set a precedent for future …

India antitrust body seeks Supreme Court hearing to expedite Amazon, Flipkart cases
Trending News
3 months, 3 weeks ago

India antitrust body seeks Supreme Court hearing to expedite Amazon, Flipkart cases

Live Mint  

* India's antitrust body seeks Supreme Court hearing on challenges in Amazon, Flipkart probe * Twenty-three legal challenges filed by Samsung, Vivo and vendors over investigation * Antitrust body says challenges aim to scuttle its investigation By Aditya Kalra NEW DELHI, Dec 9 - India's antitrust body has asked the Supreme Court to hear legal challenges to an investigation of …

Supreme Court refuses to curtail Calcutta Stock Exchange’s extension for Sebi compliance
3 months, 3 weeks ago

Supreme Court refuses to curtail Calcutta Stock Exchange’s extension for Sebi compliance

Live Mint  

The Supreme Court has declined to intervene in the Calcutta High Court’s decision to give the Calcutta Stock Exchange, India’s oldest stock exchange, more time to comply with the Securities and Exchange Board of India’s 2012 Exit Policy. The court said it would review CSE’s compliance with the Exit Policy at the next hearing on 7 March 2025. Sebi had …

Fresh plea in SC seeks probe into US indictment of Gautam Adani
4 months, 1 week ago

Fresh plea in SC seeks probe into US indictment of Gautam Adani

Deccan Chronicle  

New Delhi: A fresh plea has been filed in the Supreme Court seeking a probe into the indictment of billionaire industrialist Gautam Adani who has been charged in the US for alleged bribery and fraud, saying the move "unveiled malpractices carried out by the conglomerate".The plea has been filed by advocate Vishal Tiwari as an interlocutory application in the batch …

'US Indictment Of Adani Must Be Investigated By Indian Agencies' : Petitioner In Adani-Hindenburg Matter Files Application In Supreme Court
4 months, 1 week ago

'US Indictment Of Adani Must Be Investigated By Indian Agencies' : Petitioner In Adani-Hindenburg Matter Files Application In Supreme Court

Live Law  

An application has been filed in the Supreme Court seeking to produce the indictment of the United States Department of Justice which raised bribery allegations against Gautam Adani and other executives of Adani group of companies.The interlocutory application has been filed in the petition which was filed last year seeking an independent investigation into the allegations levelled by. An application …

US bribery case against Adani reaches Supreme Court, Sebi in the dock
4 months, 1 week ago

US bribery case against Adani reaches Supreme Court, Sebi in the dock

India Today  

A fresh application was filed before the Supreme Court on Sunday urging it to take on record the charges of bribery and fraud brought against billionaire Gautam Adani and his seven associates by US authorities. The petition, filed by Vishal Tiwari, alleges shortcomings in the Securities and Exchange Board of India’s investigation into Hindenburg Research's allegations against the Adani Group …

Fresh plea in SC seeks probe into US indictment of Gautam Adani
4 months, 1 week ago

Fresh plea in SC seeks probe into US indictment of Gautam Adani

New Indian Express  

NEW DELHI: A fresh plea has been filed in the Supreme Court seeking a probe into the indictment of billionaire industrialist Gautam Adani who has been charged in the US for alleged bribery and fraud, saying the move "unveiled malpractices carried out by the conglomerate". The plea has been filed by advocate Vishal Tiwari as an interlocutory application in the …

Sebi investigating if Adani group flouted disclosure rules
4 months, 1 week ago

Sebi investigating if Adani group flouted disclosure rules

Live Mint  

India’s capital markets regulator is looking into whether the Adani group violated rules mandating the disclosure of market-moving information, according to people with knowledge of the matter. The Securities and Exchange Board of India has asked officials at the stock exchanges if Adani Green Energy Ltd failed to properly disclose the US Justice Department’s investigation into bribery allegations, the people …

SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case
4 months, 3 weeks ago

SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case

Live Mint  

The Supreme Court on Monday dismissed a plea by the Securities and Exchange Board of India to impose a ₹25 crore penalty on Mukesh Ambani, chairman and managing director of Reliance Industries Ltd, over alleged share manipulation involving Reliance Petroleum Ltd in November 2007. A two-judge bench of Justices J.B. Pardiwala and R. Mahadevan agreed to hear Sebi's broader case …

SEBI warns investors against unauthorised virtual trading, gaming platforms offering stock price-based advice
4 months, 4 weeks ago

SEBI warns investors against unauthorised virtual trading, gaming platforms offering stock price-based advice

Live Mint  

The Securities and Exchange Board of India on Monday cautioned investors about unauthorised virtual trading and gaming platforms that provide trading advice based on stock prices. “By mimicking securities market activities and promising financial returns, many of these platforms can create an unauthorised trading experience that often leads to investor exploitation,” said Sumit Agrawal, founder of Regstreet Law and former …

Sebi imposes ₹11 lakh penalty on IIFL Securities for violating stock broker regulations
7 months, 1 week ago

Sebi imposes ₹11 lakh penalty on IIFL Securities for violating stock broker regulations

Live Mint  

Capital market regulator Sebi on Wednesday slapped a fine of ₹11 lakh on brokerage firm IIFL Securities for flouting stock broker rules and other regulatory norms. Sebi conducted an inspection of IIFL Securities Ltd covering the period from April to July 2022 to assess the firm’s adherence to regulatory requirements. In its 35-page order, Sebi noted that IIFL Securities acknowledged …

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