Bombay HC 'Disappointed' With CBI & Mumbai Police Showing Reluctance To Probe Multi-Crore Money Laundering Case; Orders Formation Of SIT

The Bombay High Court recently expressed 'disappointment' over the Central Bureau of Investigation (CBI) and also the Economic Offences Wing (EOW) of the Mumbai Police, both showing 'reluctance' to investigate into the complaints of multi-crore fraud by a company both in India and also several foraging countries.A division bench of Justices Revati Mohite-Dere and Prithviraj Chavan noted that...

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

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 (SEBI) 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...

Navigating The Neo-Banking Wave: Insights Into India's Digital Financial Future

The novel point of neobanks is that they operate sans physical branches, utilizing dynamic business models and upscale technological tools to improve customers' ease of use, transparency, and service efficiency. The concept of neo-banking emerged in the UK and Germany in 2013 and 2015. It is disputed over when the neo-banks entered the Indian market. Key players like NIYO[1] and PayQ[2] claim to be the initial neobank in the industry. Irrespective of the first entrant, the neo- banking sector in...

SEBI v. Sahara| Supreme Court Asks SEBI To Examine Sahara Group's Proposed JV Agreement For Versova Land

The Supreme Court today (January 8) directed the Security Exchange Board of India (SEBI) to examine Sahara Group's Joint Venture Agreement proposed for developing latter's Versova land in Mumbai and file sealed cover response before the Court. The proposed developer for the project is also ordered to deposit Rs.1000 Crores with the Court in 15 days from today. The bench of CJI Sanjiv Khanna...

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If you are a corporate law enthusiast, you would know how important/relevant is the knowledge of Company Law & SEBI Regulations practice. The major chunk of functioning of law firms dealing with the corporate side of law rests on company law and thus it becomes imperative for any law student, lawyer, company secretary, transaction lawyer, compliance lawyer, Independent advocate or anyone seeking to work in a corporate firm to gain theoretical & practical knowledge on company law ...

SEBI's Yellow Card: 'Warning Letters'

In India, the Securities and Exchange Board of India (“SEBI”) serves a dual role of being a watchdog as well as a guide in the arena of the securities market. To foster market discipline, SEBI has increasingly resorted to issuing warning letters, an ostensibly soft enforcement tool, which may or may not be followed by a show cause notice. In a way, think of SEBI as a referee in a football match: when SEBI issues a warning letter, it seems akin to the referee pulling out a yellow card—not a...

Hindenburg Report Alone Not Sufficient For Inquiry Against SEBI Chief, Produce Additional Materials : Lokpal To Complainants

The Lokpal asked the complainants to explain the efforts taken by them to verify the credibility of the Hindenburg report

Courts Today 13.09.24

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Lok Sabha MP Mahua Moitra Files Lokpal Complaint Against SEBI Chief Madhabi Puri Buch Over Alleged Adani Links

Mahua Moitra, Member of Parliament in Lok Sabha, has filed a complaint before the Lokpal against Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (SEBI) over allegations of misconduct and financial irregularities.The Trinamool Congress member has accused the SEBI head of improper conduct and entering into quid pro quo arrangements. "My LokPal complaint against...

Hidden Hatchery: The Birth Of Unpublished Price Sensitive Information

In the kingdom of the securities market, information reigns supreme. It is capable of shaping perceptions, driving market movements, and influencing the pricing of securities. Information is the lifeblood of the securities market - its protection, timely and accurate dissemination is vital for the market's integrity. The dynamic realm of economic activity continuously gives rise to information regarding the health and endeavours of companies and businesses. Amongst this vast galaxy of...

Supreme Court Reluctant To Allow ED Attachment Of Sahara Properties, Says Investors Will Get Nothing

"Enforcement Directorate also has to realise which cases they have to move, which cases they should restrain themselves," the Court said during the hearing.

SEBI Proposes Mandatory ASBA-Like Trading Facility For Qualified Stock Brokers Leveraging UPI Block Mechanism In Secondary Markets

The Securities and Exchange Board of India (SEBI) has proposed that all qualified stock brokers (QSBs) should be mandated to offer a trading facility similar to the Application Supported by Blocked Amount (ASBA) system currently used in the primary market. This facility would leverage the Unified Payments Interface (UPI) block mechanism which has been in use for retail...