The tenure for the Presiding Officer and other members of the Securities Appellate Tribunal is fixed at five years from the date of appointment, and they shall be eligible for re-appointment for another term of a maximum of five years.
Challenging the tribunal's order, SEBI told the apex court that these auditors had ignored vital materials like the internal audit report which flagged material discrepancies in reconciliation of the invoices.
The SAT also said that "it finds that the whole world knows about the impugned order except the appellants".
Appearing for IL&FS Securities counsel Gaurav Joshi said there were fraudulent mutual fund transfers carried out by Allied on behalf of its clients Dalmia Cement and OCL India, among others where it was the clearing house.
Mumbai: In a high-profile case dating back to over 12 years, Sebi has found former Tata Finance Managing Director Dilip Pendse had executed "illegal transactions" in stocks of four firms including Infosys and erstwhile Telco.The
New Delhi: Fresenius Kabi Oncology today said the Securities Appellate Tribunal (SAT) has granted it an extension of two months to complete its delisting offer.“An order was passed in the open court granting the company
Mumbai, July 5: Taking action against promoters of Gillette India for non-compliance to minimum public holding norms, Securities and Exchange Board of India (SEBI), on Friday, ordered freezing of all corporate benefits arising out of
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