The Supreme Court has observed that though a noticee under the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations has a right to disclosure of material relevant to proceedings against him, the same was valid only under the protection of third-party rights.
The Securities Appellate Tribunal (SAT) has recently directed the Securities Exchange Board of India (SEBI) to pay Rs 2 lakh each to four appellants while quashing a SEBI order.
After noticing numerous flaws in the IPO pricing method, the Securities and Exchange Board of India (SEBI) set up a specialist panel to finetune it. Up to now, Rs 42,000 crore has been raised through 28 IPOs.
Indiabulls Venture Ltd and its top officers have been fined by market watchdog Securities and Exchange Board of India (SEBI) for insider trading. A Rs 1.05 crore fine was imposed on India Bulls Venture Limited, its former non-executive director, her husband, and the firm's company.