The Supreme Court has observed that though a noticee under the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations has a right to disclosure of material relevant to proceedings against him, the same was valid only under the protection of third-party rights.
The Securities Appellate Tribunal (SAT) has recently directed the Securities Exchange Board of India (SEBI) to pay Rs 2 lakh each to four appellants while quashing a SEBI order.
After noticing numerous flaws in the IPO pricing method, the Securities and Exchange Board of India (SEBI) set up a specialist panel to finetune it. Up to now, Rs 42,000 crore has been raised through 28 IPOs.