Zerick Dastur Advocates & Solicitors has filed an appeal before the Securities Appellate Tribunal (SAT) on behalf of PricewaterhouseCoopers (PwC) challenging the jurisdiction of the Securities and Exchange Board of India (SEBI) order of last week banning the Big 4 consultancy from auditing work in India.

NLU Jodhpur 2007 alumnus Sumit Agrawal left his role as assistant legal advisor to the Securities and Exchange Board of India (SEBI) to start up Suvan Law Advisors with his wife Vaneesa Agrawal.

The Supreme Court on Wednesday said the possibility of Sahara chief Subrata Roy’s release from jail - having been incarcerated for more than two years now - would depend on the outcome of the first round of auction of Sahara’s assets by market regulator the Securities and Exchange Board of India (SEBI).

India’s leading stock exchange National Stock Exchange of India Ltd (NSE) on Wednesday said it has issued notice to 260 companies for not having appointed a woman director. The stock bourse, in a statement, said: “In compliance with the SEBI (Securities and Exchange Board of India) directive, NSE ha...

“)Regulations require constant modifications to keep pace with the ever evolving market dynamics. Insider trading is no different, explain Khaitan & Co’s Ganesh Prasad and Sanjay Khan.

Amarchand Mangaldas and J Sagar Associates (JSA) led DLF and its top officials to a Rs 86 crore Securities and Exchange Board of India (SEBI) penalty yesterday. Amarchand Delhi managing partner Shardul Shroff briefed senior advocate JJ Bhatt for DLF, its executive chairman KP Singh, vice chairman Ra...

Realty major DLF today moved the securities tribunal against the order passed by the Securities and Exchange Board of India (Sebi) banning it and six of its executives from the capital markets for three years on charges of misleading investors. A DLF spokesperson told IANS that the Securities Appell...

SEBI has banned real estate giant DLF and six managers from the capital markets for three years after a finding of fraud.

Independent directors, many of whom are also partners in law firms, will have to resign from the boards of several companies after the Securities Exchange Board of India (SEBI) last week capped the number of directorships a person can hold to seven.

The Supreme Court has, for the third time, upheld the appointment of Securities and Exchange Board of India (SEBI) chairman UK Sinha, Mint reported. Dismissing a September 2012 petition filed by a Bangalore-based financial expert alleging irregularities in the process of his appointment, a bench of ...

Glivec dissected : Must-read (long) feature in the Caravan delving into the history, background and repercussions on the Novartis Supreme Court patent judgment and the future of IP laws in India and globally [ Caravan ] Public interest injections: Serial PIL lawyer ML Sharma filed in the SC yesterda...

SEBI, UPSC appealed more CIC orders than they answered RTIs. UPSC hides civil service mains papers most, while SEBI doesn’t like disclosing insider trading orders and chairman’s assets and liabilities [ Express ] Punjab and Haryana HC gives back government job benefit of Leave Travel Concession (LTC...

Former chief justice of India (CJI) SH Kapadia was yesterday appointed the Bombay Stock Exchange’s (BSE) public interest director, four months after he retired as the CJI. The Securities Exchange Board of India (SEBI) nominated him to the post. Kapadia dealt with matters under the SEBI Act 1992, the...

The chief justice of India Altamas Kabir yesterday told off senior advocate Arvind Dattar who, in the matter of SEBI V Sahara, had objected to his passing an order contradictory to an order passed by a two judge bench of the court - before which bench the matter is still pending. A bench of justices...

Bangalore-based financial expert challenges SEBI chairman UK Sinha’s appointment to the SEBI chair in the Supreme Court through advocate Prashant Bhushan In the petition he has questioned Sinha’s integrity, denial of extension to the previous chairman, and his alleged leniency toward corporate lobby...

Former Securities and Exchange Board of India (SEBI) executive director Usha Narayanan joined Amarchand Mangaldas Mumbai as of counsel in the general corporate and financial regulatory practice today after she retired from SEBI in June this year, having served with the regulator for 21 years.

By Nikhil Kanekal: It’s going to be an incredibly tough future for the Subroto Roy-owned Sahara Group (also known as Sahara India Parivar) after today’s judgment by the Supreme Court of India. The court asked two group companies to return an unprecedented Rs 24,000 crores ($4.3bn) to their roughly 28 million investors, while setting the company and its directors up for possible criminal prosecution.

The judgment is a stinging indictment of the company’s practices. It is also probably the largest ever transaction ordered by an Indian court to date.

SEBI makes it mandatory for top 500 listed Indian companies, by market capitalisation, to provide electronic voting facilities to shareholders; Plans to create Qualified Audit Report review committee to enhance the quality of financial reporting done by listed entities; Plans to amend SEBI (ICDR) Re...

SEBI’s last three fiscals: 282 investigations out of which 57 were for insider trading, while 181 were for price rigging and manipulation in the market. 28 insider trading cases and 112 price-rigging cases were solved, warnings were issued in 63, suspensions and cancellations in a couple more, some ...

CLAT 2012 candidate Donnie Ashok’s writ against GNLU Gandhinagar for denial of admission in the university, enters second day of hearing. Gujarat HC addresses GNLU’s counsel Rawal: “A practical application of Law should be made in this man’s case, this man being from such a poor background has score...