SEBI Updates by @HubofCA
- SAT: SEBI not ‘Tribunal’, affirms order rejecting IL&FS Securities’ plea to stay proceedings
- SEBI: Investment advisers cannot charge implementation fee for advisory clients
- SAT: 100% acquisition of company, irrespective of size, calls for compliances under PIT Regulations
- SAT: Directs SEBI to pass final order in CG Power matter in 6 months
- SEBI: Rs. 25 Cr. penalty on Yes Bank for inducing ‘hapless' customers into buying risky AT-1 Bonds
- SEBI: Penalises RIL Promoters Rs. 25 Cr. for lapse in Takeover Regulations compliance, terms it “economic offence”
- SAT: Valuation report required for Shareholders’ inspection with offer letter under Takeover Regulations
- SAT: Quashes SEBI’s “WhatsApp leaks” orders; Cites absence of “knowledge of UPSI”
-SEBI: Directs attachment of Yes Bank former MD Rana Kapoor’s assets to recover penalty
- SEBI: Penalises real estate Co. for floating CIS without obtaining registration certificate
