SC stays SAT's order holding that Sebi lacks power to bar auditors
5 years, 4 months ago

SC stays SAT's order holding that Sebi lacks power to bar auditors

India TV News  

The Supreme Court on Monday stayed an order of the Securities Appellate Tribunal which had held that markets' watchdog SEBI does not have the power to bar auditors. A bench comprising Justices Arun Mishra and Indira Banerjee also issued notice on the appeal filed by the Securities and Exchange Board of India against the SAT's September 9 order. The SAT, in its order which set aside the ban on audit firm Price Waterhouse, had noted that SEBI does not have the power to bar auditors. Earlier, the SEBI had challenged SAT's decision to quash a two-year ban that was imposed on PwC in connection with the Rs 7,800 crore Satyam fraud.

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History of this topic

HC stay on FIR order against Madhabi Puri Buch, 5 others to continue for 4 weeks
3 weeks, 2 days ago

HC stay on FIR order against Madhabi Puri Buch, 5 others to continue for 4 weeks

Hindustan Times  

MUMBAI: The Bombay high court’s decision to stay or temporarily delay a special court’s order directing a First Information Report to be registered against former Securities and Exchange Board of India chairperson Madhabi Puri Buch and five others for alleged stock market fraud and corruption will hold for at least four weeks. A single-judge bench of justice SG Dige on …

Bombay High Court Halts FIR Against Former SEBI Chief Madhabi Puri Buch
3 weeks, 3 days ago

Bombay High Court Halts FIR Against Former SEBI Chief Madhabi Puri Buch

ABP News  

The Bombay High Court on Tuesday stayed for four weeks a special court's order directing FIR against former Sebi chairperson Madhabi Puri Buch and five other officials for alleged stock market fraud and regulatory violations, noting it was passed mechanically. A single bench of Justice Shivkumar Dige said the special court order of March 1 also did not attribute any …

Bombay HC stays FIR order against former SEBI chairperson Madhabi Puri Buch and others
3 weeks, 3 days ago

Bombay HC stays FIR order against former SEBI chairperson Madhabi Puri Buch and others

Op India  

The Bombay High Court on Tuesday stayed a special court’s order directing the registration of a First Information Report against former SEBI Chairperson Madhabi Puri Buch and other officials from SEBI and the Bombay Stock Exchange in connection with a listing fraud case. The Court observed that the special court had issued the order without thoroughly examining the details or …

Madhabi Puri Buch case: Bombay HC stays order directing FIR against former SEBI chief, others
Trending News
3 weeks, 3 days 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?
3 weeks, 4 days 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 …

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

'Prima Facie Evidence Of Regulatory Lapses' : Court Orders FIR Against Ex-SEBI Chief Madhabi Puri Buch & BSE Officials
3 weeks, 5 days 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
3 weeks, 5 days 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
3 weeks, 5 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
3 weeks, 5 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 …

Court orders FIR against ex-Sebi boss Madhabi Puri Buch, five others in alleged stock market fraud
Top News
3 weeks, 5 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
3 weeks, 5 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 …

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 …

Sebi settles adjudication proceedings against Paytm executives
2 months, 1 week 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 …

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 …

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 …

SEBI imposes ₹9 lakh penalty on Reliance Securities for breaching market, stock broker norms
3 months, 4 weeks ago

SEBI imposes ₹9 lakh penalty on Reliance Securities for breaching market, stock broker norms

Live Mint  

Capital markets regulator Securities and Exchange Board of India on Friday, November 29, penalized Reliance Securities with ₹9 lakh for flouting market norms and stock broker rules. The order came after the regulator and exchanges, NSE and BSE, conducted a thematic onsite inspection of the books of accounts, records, and other documents of authorised persons of Reliance Securities Ltd, a …

SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case
4 months, 2 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’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?
7 months, 1 week ago

SEBI’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?

The Hindu  

Published : Aug 16, 2024 20:42 IST - 8 MINS READ When the Satyam scam came to light in January 2009, it was a bolt from the blue for India’s stock market. The report accuses Buch of investing in an offshore Mauritius fund that’s part of the very fund structure being probed by SEBI for its fund flows into Adani …

Eros International moves SAT against Sebi’s order in fund diversion matter
9 months ago

Eros International moves SAT against Sebi’s order in fund diversion matter

Live Mint  

Mumbai: Media company Eros International, along with its key executive officials, on Friday moved the Securities Appellate Tribunal against the Securities and Exchange Board of India’s October 2023 restraint order in an alleged fund diversion matter. The market regulator in its order had restrained vice chairman Sunil Lulla from holding the position of a director or a key managerial personnel …

SEBI's Power Of Disgorgement: Analysing The Veeram Securities Order
10 months, 2 weeks ago

SEBI's Power Of Disgorgement: Analysing The Veeram Securities Order

Live Law  

In January, 2023, Whole Time Member of the Securities and Exchange Board of India passed an order in the matter of Veeram Securities Limited, wherein the noticees were held guilty for executing contra trades in violation of the SEBI Regulations, 2015. The Order directed the noticees in this matter to disgorge the amount of profit made by them upon execution …

Can SAT Can Function Without The Presence Of A Judicial Member?
1 year ago

Can SAT Can Function Without The Presence Of A Judicial Member?

Live Law  

On 29th December 2023, Hon'ble Justice Tarun Agarwala retired and demitted office as the Presiding Officer of the Securities Appellate Tribunal, that hears appeals against orders passed by the Securities and Exchange Board of India, the Insurance Regulatory and Development Authority of India and the Pension Fund Regulatory and Development Authority. The retirement of Justice Agarwala left the functioning of …

Relief for Sebi as SC stays SAT order in Karvy Stock Broking case
1 year, 2 months ago

Relief for Sebi as SC stays SAT order in Karvy Stock Broking case

Live Mint  

New Delhi: The Supreme Court on Thursday stayed the Securities Appellate Tribunal's order in response to a plea filed by the Securities and Exchange Board of India in the Karvy Stock Broking case. The plea contested SAT's previous ruling, which had favoured major lenders such as Axis Bank, ICICI Bank, HDFC Bank, IndusInd Bank, and Bajaj Finance. Sebi and others …

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 …

Sebi orders Raju and others to pay back Rs 1,747 crore in Satyam case
1 year, 3 months ago

Sebi orders Raju and others to pay back Rs 1,747 crore in Satyam case

Deccan Chronicle  

Hyderabad: Markets regulator Sebi has ordered former chairman of Satyam Computers Services B. Ramalinga Raju and five others to pay back Rs 624 crore of unlawful gains that were made in stock sale along with an interest of 12 per cent. Apart from Ramalinga Raju, others named in the order include his brothers B Rama Raju and B Suryanrayana Raju, …

SAT postpones Punit Goenka’s plea against SEBI order; next hearing on...
1 year, 6 months ago

SAT postpones Punit Goenka’s plea against SEBI order; next hearing on...

Live Mint  

The Securities Appellate Tribunal adjourned the final hearing on a plea challenging a Sebi confirmatory order against Zee Entertainment Enterprises' chiefs. Sebi order barred ZEEL's Punit Goenka and Shubhash Chandra from holding any key positions in the company and other organisations. In its confirmatory order, Sebi restricted Goenka and Chandra from holding any directorship or other key managerial positions in …

Ministry Of Corporate Affairs Looking Into SEBI's Order Against Zee Entertainment: Report
1 year, 7 months ago

Ministry Of Corporate Affairs Looking Into SEBI's Order Against Zee Entertainment: Report

ABP News  

The Ministry of Corporate Affairs is looking into SEBI's order against Zee Entertainment Enterprises for alleged irregularities, reported ET Now on Friday. In June, the market regulator banned Zee Chairman Subhash Chandra and CEO Punit Goenka for alleged "abused their positions" for personal financial gains. On Friday, the report said that Corporate Affairs Ministry has taken cognizance of the SEBI's …

SAT Refuses To Stay SEBI Order Against ZEE Promoters Punit Goenka, Subash Chandra: Report
1 year, 8 months ago

SAT Refuses To Stay SEBI Order Against ZEE Promoters Punit Goenka, Subash Chandra: Report

ABP News  

The Securities Appellate Tribunal on Monday refused to stay SEBI's order that barred them from holding key management positions in any listed firm, a report by Moneycontrol stated. According to the report, the SAT had reserved the case for orders on June 27 after hearing both ZEE Entertainment Chief Executive Officer Punit Goenka and the SEBI at length. The SEBI …

Zee Promoters Approach Securities Appellate Tribunal Against SEBI Order: Report
1 year, 9 months ago

Zee Promoters Approach Securities Appellate Tribunal Against SEBI Order: Report

ABP News  

The promoters of Zee Entertainment Enterprises Ltd have approached the Securities Appellate Tribunal to seek relief against the SEBI's order on Tuesday. Shares of Zee Entertainment Enterprises fell over 6.50 per cent in morning trade on Tuesday after SEBI banned Essel Group chairman Subhash Chandra and ZEEL's Punit Goenka from holding any directorial or key managerial position in any listed …

Adani-Hindenburg row: SC to hear matter on May 12
1 year, 10 months ago

Adani-Hindenburg row: SC to hear matter on May 12

Deccan Chronicle  

NEW DELHI: The Supreme Court will hear on May 12 the pleas on the Adani-Hindenburg row and is likely to consider market regulator SEBI's application seeking a six-month extension to complete its probe into the allegations of stock price manipulation by the Adani group and lapses in regulatory disclosure. The apex court had on March 2 asked SEBI to probe …

Adani-Hindenburg Saga: SC to hear SEBI’s 6-month extension plea on May 12
1 year, 10 months ago

Adani-Hindenburg Saga: SC to hear SEBI’s 6-month extension plea on May 12

Live Mint  

The Supreme Court will hear the plea by capital markets regulator Securities and Exchange Board of India seeking a six-month extension to complete the probe on Adani Group on May 12, according to CNBC-TV18. Sebi had asked the apex court for the extension to finish its investigation into allegations levelled by US-based short seller Hindenburg against the conglomerate, noting that …

Supreme Court To Hear SEBI's Challenge Against SAT Order Granting Relief To NDTV Promoters Prannoy Roy & Radhika Roy After Two Weeks
2 years, 4 months ago

Supreme Court To Hear SEBI's Challenge Against SAT Order Granting Relief To NDTV Promoters Prannoy Roy & Radhika Roy After Two Weeks

Live Law  

The Supreme Court on Monday adjourned the hearing of the Securities and Exchange Board of India's challenge against the Securities Appellate Tribunal's order that reduced penalties imposed on NDTV promoters Prannoy Roy, Radhika Roy for allegedly concealing price sensitive information from shareholders. On July 20, the SAT at Mumbai had set aside the findings of the SEBI which held the …

SC sets aside Delhi HC order staying probe into 9 Sahara group companies
2 years, 10 months ago

SC sets aside Delhi HC order staying probe into 9 Sahara group companies

India Today  

The Supreme Court on Thursday set aside a Delhi High Court order staying the Serious Fraud Investigation Office probe into nine companies related to the Sahara group. Solicitor general Tushar Mehta, appearing for the SFIO, said that the SFIO probe was investigating transactions amounting to Rs one lakh crore among the companies. The SFIO had filed an appeal in the …

Insider Trading Case: SAT Lifts Restrictions Imposed By SEBI On Infosys Employees
2 years, 10 months ago

Insider Trading Case: SAT Lifts Restrictions Imposed By SEBI On Infosys Employees

Live Law  

The Securities Appellate Tribunal, Mumbai consisting of Justice Tarun Agarwala and Justice M.T. The preliminary examination revealed that Senior Corporate Counsel was in close connection with another employee, Mr. Venkata Subramaniam, who was a Senior Principal, Corporate Accounting Group, and was a designated person, who was reasonably expected to have access to and be in possession of UPSI, and, therefore, …

SSC 'Group-D' Recruitment Scam: Calcutta HC Orders CBI Probe Despite Division Bench's Earlier Order Quashing Such A Probe; Appeal Filed Before Division Bench
3 years, 1 month ago

SSC 'Group-D' Recruitment Scam: Calcutta HC Orders CBI Probe Despite Division Bench's Earlier Order Quashing Such A Probe; Appeal Filed Before Division Bench

Live Law  

In an unprecedented development, the Calcutta High Court on Tuesday ordered the Central Bureau of Investigation to conduct a probe into the alleged irregularities in the appointment of 'Group-D' in In an unprecedented development, the Calcutta High Court on Tuesday ordered the Central Bureau of Investigation to conduct a probe into the alleged irregularities in the appointment of 'Group-D' in …

Sebi moves Supreme Court against ruling by appellate tribunal
3 years, 2 months ago

Sebi moves Supreme Court against ruling by appellate tribunal

Live Mint  

A recent ruling by the Securities and Appellate Tribunal against the markets regulator and its adjudicating officer has become a sore point between the two institutions. The Securities and Exchange Board of India’s petition against the SAT ruling in the Supreme Court said unwarranted adverse remarks will impede the markets regulator’s ability to work fearlessly and independently. The matter pertains …

SEBI drops adjudication proceedings against RIL in alleged incorrect financial disclosures matter
3 years, 6 months ago

SEBI drops adjudication proceedings against RIL in alleged incorrect financial disclosures matter

The Hindu  

Markets watchdog SEBI has disposed of adjudication proceedings without imposing any penalty on Reliance Industries Ltd in a matter related to alleged incorrect disclosure of diluted earnings per share in its financial results more than 13 years ago. The quarterly financial statements submitted by Reliance Industries Ltd to the NSE for six consecutive quarters beginning June 2007 to September 2008 …

SEBI Fines Franklin Templeton's CEO, Officials & Trustee; AMC Likely To Move To SAT Against Order
3 years, 9 months ago

SEBI Fines Franklin Templeton's CEO, Officials & Trustee; AMC Likely To Move To SAT Against Order

ABP News  

Mumbai: The Securities and Exchange Board of India on June 14 imposed a total fine of Rs 15 crore on nine entities, including Franklin Templeton Trustee Services, Sanjay Sapre, its chief executive officer, and its debt fund managers, among other top officials associated with the fund house's six debt schemes. In a follow-up to its last week's order, SEBI has …

Appeal Against SEBI Order- NDTV Promoters To Deposit 50% Of The Amount To SEBI Within 4 Weeks: Securities Appellate Tribunal
4 years, 2 months ago

Appeal Against SEBI Order- NDTV Promoters To Deposit 50% Of The Amount To SEBI Within 4 Weeks: Securities Appellate Tribunal

Live Law  

A bench of the Securities Appellate Tribunal, Mumbai comprising of Justice Tarun Agarwala, Dr. CKG Nair and Justice MT Joshi in two similar orders directed the two NDTV promoters, Prannoy Roy and Radhika Roy to deposit 50% of the disgorged amount before the Securities Exchange Board of India within four weeks. The SAT was hearing two appeals preferred by the …

'Sahara Must Pay Rs. 62,602 Crore That It Collected From Public': SEBI Moves Supreme Court Seeking Custody Of Subrata Roy For Failure To Deposit
4 years, 4 months ago

'Sahara Must Pay Rs. 62,602 Crore That It Collected From Public': SEBI Moves Supreme Court Seeking Custody Of Subrata Roy For Failure To Deposit

Live Law  

The Securities and Exchange Board of India has moved Supreme Court against Sahara India Real Estate Corporation Ltd. and Sahara Housing Investment Corporation Ltd. for INR 62,602 crore which it had collected from the public.The Market Regulator seeks that the Contemner be held in contempt & be taken into custody, if it fails to deposit the said amount.SEBI. The Securities …

SEBI challenges SAT order on Price Waterhouse
5 years, 5 months ago

SEBI challenges SAT order on Price Waterhouse

India TV News  

The Securities Exchange and Board of India has moved the Supreme Court against the Securities Appellate Tribunal's decision to quash a two-year ban on international auditing firm Price Waterhouse due to its role in the Satyam Computer Services' fraud case. On September 9, the Securities Appellate Tribunal, Mumbai, overturned SEBI's order barring Price Waterhouse from auditing listed firms for a …

CG Power scam: SEBI bars Gautam Thapar from stock markets
5 years, 6 months ago

CG Power scam: SEBI bars Gautam Thapar from stock markets

India TV News  

Days after the revelation of fraud at CG Power, market regulator Sebi on Tuesday restrained the company's former Chairman Gautam Thapar and some other board members from accessing the securities market and ordered the appointment of an independent auditor for conducting a detailed forensic audit from 2015-16 onwards. The Security and Exchange Board of India said that in "order to …

Tribunal quashes Sebi’s ban on PwC in Satyam scam
5 years, 6 months ago

Tribunal quashes Sebi’s ban on PwC in Satyam scam

Live Mint  

Mumbai: In a major setback to Sebi, Securities Appellate Tribunal or SAT today overturned the markets regulator's order banning Price Waterhouse Coopers from auditing any listed company for two years for its role in the ₹7,800-crore Satyam scam. Setting aside the ban on PwC, which is one of the Big Four global accounting firms, SAT said, only the national auditors …

Satyam scam: In setback to SEBI, SAT squashes ban on PwC; allows disgorgement of Rs 13 cr from auditing firm
5 years, 6 months ago

Satyam scam: In setback to SEBI, SAT squashes ban on PwC; allows disgorgement of Rs 13 cr from auditing firm

Firstpost  

Mumbai: In a major setback to SEBI, SAT Monday overturned the markets regulator’s order banning Price Waterhouse Coopers from auditing any listed company for two years for its role in the Rs 7,800-crore Satyam scam. However, Securities Appellate Tribunal or SAT partly allowed disgorgement of the Rs 13 crore fee from the auditor. It says that the SEBI has no …

In setback to Sebi, SAT squashes ban on PwC in Satyam scam
5 years, 6 months ago

In setback to Sebi, SAT squashes ban on PwC in Satyam scam

India TV News  

In a major setback to Sebi, SAT Monday overturned the markets regulator's order banning Price Waterhouse Coopers from auditing any listed company for two years for its role in the RS 7,800-crore Satyam scam. However, Securities Appellate Tribunal or SAT partly allowed disgorgement of the Rs 13 crore fee from the auditor. Setting aside the ban on PwC, which is …

SAT upholds SEBI penalty of ₹2.10 crore on NDTV, ₹3 lakhs each on 3 directors for not disclosing tax demand on time
5 years, 7 months ago

SAT upholds SEBI penalty of ₹2.10 crore on NDTV, ₹3 lakhs each on 3 directors for not disclosing tax demand on time

Op India  

The Securities Appellate Tribunal has upheld two orders of SEBI imposing a penalty of ₹2 crore on NDTV and ₹20 lakh on the company and the directors of the company. Of this, ₹25 lakh was imposed for failing to furnish information on time, and ₹1.75 crore fine was imposed for failing to comply with listing conditions In 2018, SEBI had …

NDTV to file appeal against SEBI order imposing a penalty of Rs 12 lakh for delayed disclosures
5 years, 9 months ago

NDTV to file appeal against SEBI order imposing a penalty of Rs 12 lakh for delayed disclosures

Op India  

Media house New Delhi Television Ltd has decided to file an appeal against the Securities and Exchange Board of India order imposing a penalty of Rs 12 lakh on the media group for failing to make timely disclosures to the stock exchanges. The order imposing the penalty was issued by the SEBI after it noticed multiple disclosure lapses by NDTV …

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