Securities Appellate Tribunal
The Securities Appellate Tribunal or SAT finally admitted the appeal of DLF Promoters against the Securities and Exchange Board of India or Sebi last week. This order of ban against DLF promoters from accessing the capital markets have been admitted by SEBI, post the plea of the prompters. The ban was not just for DLF, [...] Continue Reading »
The ban on DLF made by SEBI from accessing the Capital market for 3 years has been opposed and an appeal has been filed against it by the top executives of DLF India Ltd. The appeal has been made to the Securities Appellate Tribunal (SAT) on 11th November. What the appeal was about: The appeal [...] Continue Reading »
A spokesperson of PACL Ltd. has revealed that the company has plans underway to file an appeal with the Securities Appellate Tribunal (SAT) against a Sebi order pertaining to the return of a record Rs 49,100 crore to investors in three months. PACL collects money from investors, and invests that money in cheap land which [...] Continue Reading »
The amount that PACL Limited has been ordered to return by the stock market regulator SEBI would be $8.1 billion or Rs 49,100 crore in deposits. The Securities and Exchange Board of India (SEBI) has asked PACL to return this sum to the investors within three months. PACL now plans to appeal to the Securities Appellate [...] Continue Reading »
SEBI chairman UK Sinha on Thursday mentioned that the market regulator Securities and Exchange Board of India (SEBI) will unveil the detailed guidelines on Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) next month. SEBI has also taken steps to safeguard the interests of the shareholders. Sinha also stated that SEBI would also [...] Continue Reading »
The Securities and Exchange Board of India (SEBI) told the Supreme Court that the Sahara firm had no right to mobilise Rs.27,000 crore from 30 million investors through debentures without adhering to the regulatory regime. The firm raised money without complying with the regulatory regime of the stock market and listing on the bourses, said [...] Continue Reading »
Sahara group of companies to face more trouble in future as ministry of corporate affairs (MCA) has expressed its support to market regulator Sebi’s June 23 order against the two companies of Sahara. Both Sebi and MCA work in tandem for protecting rights of small investors. Securities Appellate Tribunal (SAT) is scheduled to hear the [...] Continue Reading »
