Sep 02, 2021 10:32 PM IST
The SAT had last month given a split verdict in the appeal filed by PNB Housing Finance against SEBI over the proposed Rs 4,000 crore investment by Carlyle Group.
- Aug 09, 2021 07:26 PM IST
Earlier, SEBI had directed PNBHFL to halt the proposed deal until the company undertakes a fresh valuation from an independent valuer. Later, the SAT allowed the company to conduct the AGM but asked it to not announce the results of the AGM till a final order. SAT's order is pending in this case.
- Jul 26, 2021 02:45 PM IST
SAT had found the SEBI penalty on FT MF as ‘excessive’ as it did not account for the expenses borne by the fund house on managing the six wound-up schemes.
- Jul 16, 2021 05:37 PM IST
The regulator told the Securities Appellate Tribunal that it had to step in before the EGM to protect the interests of minority shareholders
- Jul 13, 2021 07:04 PM IST
Regulator tells appellate tribunal that Companies Act empowers it to intervene in the deal, and the ICDR norms are meant to protect the interests of minority shareholders as well. If the article of association mentions independent valuation, why have they not undertaken independent valuation, SEBI asks.
- Jul 12, 2021 06:32 PM IST
The housing finance company tells Securities Appellate Tribunal that SEBI was focusing more on the articles of association, which is an agreement between two shareholders. Housing financier cites a similar deal by LIC Housing Finance and Barbeque Nation to bolster its case.
- Jul 06, 2021 11:34 AM IST
PNB Housing had filed an appeal before the SAT against the letter issued by the Securities and Exchange Board of India last month, requesting it not to go ahead with the proposal until due diligence was done.
- Jun 28, 2021 05:29 PM IST
While not a final order, SAT made its initial observations following Franklin Templeton’s appeal.
- Jun 28, 2021 02:24 PM IST
SAT grants partial relief to fund-houses from SEBI order, will pass final order on August 30.
- Jun 25, 2021 06:18 PM IST
The fund house had challenged the market regulator’s directives following the closure of six debt funds last year.
- Jun 22, 2021 01:57 PM IST
PNB Housing’s EGM on a special resolution to approve the Carlyle deal needs 75 percent majority of those present and voting. The parties to the deal – Punjab National Bank and private equity firms Carlyle, General Atlantic and Ares SSG – own an 85 percent stake in the company
- Jun 22, 2021 10:55 AM IST
What is the controversy over the Rs 4,000-crore deal about? If you are wondering what the fuss is about, below is a primer answering all the big questions.
- May 24, 2021 12:12 PM IST
SAT has directed Sebi to file a reply within 4 weeks and three weeks thereafter, Yes Bank is required to file a rejoinder. The case has been posted for admission and final disposal on 31st July 2021
- Apr 26, 2021 10:31 PM IST
Sebi, in September 2019, had prohibited Morepen Laboratories from the capital market for one year for making misleading disclosures about the issuance of global depository receipts (GDRs) way back in 2003.
- Feb 22, 2021 06:52 PM IST
The watchdog's directions were part of an order wherein it rejected 63 Moons' application seeking renewal of approval to provide STP services on the basis of 'fit and proper' criteria.
- Feb 16, 2021 10:03 AM IST
The tribunal has however directed Future Group’s promoters to deposit Rs 11 crore as an “interim measure.” The case to be heard next on April 12, 2021.
- Aug 26, 2020 11:47 AM IST
Chairman of PwC, Bob Moritz said that it wants to ensure that it is moving forward on the detection of fraud to "ensure the relevance of the profession"
- Jul 20, 2020 02:15 PM IST
Meanwhile, the tribunal will function through video conference from this Monday onwards in between 11.30 am and 4.30 pm until further orders.
- Jul 06, 2020 08:00 PM IST
Regarding an appeal against SEBI order imposing Rs 25 lakh penalty on India Ratings, the tribunal directed the rating agency to deposit the amount with the regulator within four weeks, which would be subject to the result of the appeal.
- Jul 03, 2020 02:15 PM IST
Besides, the tribunal will function from July 20 between 11.30 am and 4.30 pm and urgent cases will be heard during July 20-24.
- Jun 15, 2020 01:25 PM IST
"In continuation of our earlier order dated June 1, extending the closure of the tribunal till June 12 on account of the lockdown declared by the government... the tribunal shall further remain suspended till June 30," SAT said in a notification.
- Apr 15, 2020 12:35 PM IST
"The tribunal will further remain closed from April 15, 2020, to May 1, 2020, in view of the extension of nationwide lockdown declared by the government on April 14 to contain the spread of COVID-19," SAT said in a notification on Tuesday.
- Dec 16, 2019 03:48 PM IST
The government would do well to usher in auditing reforms
- Dec 11, 2019 03:15 PM IST
Lenders that extended loans to Karvy, partially in lieu of client securities, had enough warning signs that something was amiss.
- Dec 10, 2019 07:01 PM IST
SEBI barred Karvy Stock Broking from taking on new clients and prevented it from using the Power of Attorney (PoA) given by clients after the broker was found guilty of having misused the securities of its clients.