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Delays likely in SAT cases as key post falls vacant in December | Mint
Justice Tarun Agarwala, the presiding officer and judicial member of the tribunal, is expected to retire in December. Rules do not permit SAT to pass orders without the presence of a judicial member. The vacancy could impact many cases that are pending before the tribunal right now.
Tribunal lifts ban on Zee's Goenka on holding key positions Shares of Zee Entertainment rose as much as 3.7% post the order. The SAT’s verdict on Chandra was not announced by 12 pm. Zee Group had announced a merger of ZEE with Sony's Indian business in 2021.
Endless TV opera | Mint The Securities Appellate Tribunal (SAT) on Monday set aside an order by the Securities and Exchange Board of India (Sebi) that had barred Zee promoters Subhash Chandra and his son Punit Goenka from holding any key position. The SAT has directed the father-son duo to cooperate in the investigation.
SAT quashes SEBI’s ban on key roles for ZEE’s Goenka The Securities Appellate Tribunal (SAT) on Monday set aside an order of the Securities and Exchange Board of India (SEBI) barring Zee Entertainment Enterprises Ltd. CEO Punit Goenka from holding any key managerial position in the media house or any other company. However, the SAT directed Mr. Goenkas to cooperate with SEBI in its investigation.
SAT quashes SEBI’s ban on key roles for ZEE’s Goenka The Securities Appellate Tribunal (SAT) on Monday set aside an order of the Securities and Exchange Board of India (SEBI) barring Zee Entertainment Enterprises Ltd. CEO Punit Goenka from holding any key managerial position in the media house or any other company. However, the SAT directed him to cooperate with SEBI in its investigation.
The test that will spark a counterrevolution in education Florida adopted the Classic Learning Test (CLT) as an alternative to the SAT and ACT. Zach Marschall: The SAT is a barometer for an education system that has lost its way. He says the CLT is the remedy we need to redeem our failing education system.
Internet supports Asian American boy rejected by top unis, later hired by Google Stanley Zhong, 18, from Palo Alto, California, scored 1590 out of 1600 on the SAT. He applied to 18 universities in total, only to be turned down by almost all of them. Internet comes in support of the Asian American teen who was hired by Google.
SAT dismisses SEBI's order against Prannoy Roy, Radhika Roy in insider trading case The Securities Appellate Tribunal (SAT) quashed a SEBI order that barred NDTV founders Prannoy Roy and Radhika Roy from the securities market for two years. However, the appellate tribunal partly set aside an order against Vikramaditya Chandra, the group's chief executive officer.
Sebi's order against Prannoy, Radhika Roy in insider trading case dismissed The Securities Appellate Tribunal (SAT) quashed a Sebi order that barred NDTV founders Prannoy Roy and Radhika Roy from the securities market for two years. However, the appellate tribunal partly set aside an order against Vikramaditya Chandra, the group's chief executive officer during the relevant period.
SAT quashes SEBI's order against former NDTV promoters Prannoy Roy, Radhika Roy | Mint Securities Appellate Tribunal (SAT) quashes SEBI's insider trading order against former NDTV promoters Prannoy Roy & Radhika Roy. In November 2020, Sebi had investigated two separate cases against promoters of NDTV.
SAT sets aside Sebi penalty on Cairn India in share buyback case The Securities Appellate Tribunal (SAT) has set aside capital markets regulator Sebi's order that imposed a penalty of Rs 5.25 crore. Cairn India was accused of making a misleading public announcement designed to influence investors' decisions. The bench noted that the company utilised Rs 1,225.45 crore in the buyback process, "which is not a paltry sum to invest"
SAT dismisses SEBI's order against Prannoy Roy, Radhika Roy in insider trading case The Securities Appellate Tribunal (SAT) quashed a SEBI order that barred NDTV founders Prannoy Roy and Radhika Roy from the securities market for two years. The appellate tribunal partly set aside an order against Vikramaditya Chandra, the group's chief executive officer during the relevant period.
Empowered to lift corporate veil: Sebi | Mint Sebi’s comments came while arguing in the Bombay Dyeing matter before the Securities Appellate Tribunal. A bench led by Justice Tarun Agarwala was hearing the petition challenging Sebi's order against the company. The SAT, however, stayed the operation of the Sebi whole-time member's order.
Empowered to lift corporate veil: Sebi | Mint Sebi’s comments came while arguing in the Bombay Dyeing matter before the Securities Appellate Tribunal (SAT) A bench led by Justice Tarun Agarwala was hearing the petition challenging Sebi's October 2022 order against the company. The SAT, however, stayed the operation of the Sebi whole-time member's order.
SAT quashes Sebi penalty on Apollo Tyres in 2003 share buyback case | Mint The Securities Appellate Tribunal (SAT) Wednesday quashed the order passed by Securities and Exchange Board of India imposing a fine of ₹65 lakh on Apollo Tyres. The SAT directed the market regulator to refund the deposited penalty amount within four weeks. It was alleged that 36.90 lakh shares were bought back by the company and its promoters in contravention of the relevant section of the Companies Act.
SAT reserves order in Punit Goenka's plea against Sebi | Mint The Securities Appellate Tribunal (SAT) on Wednesday reserved its order in the matter pertaining to Zee’s former chief Punit Goenka. A bench led by Justice Tarun Agarwala, reserved his verdict and held that written submissions, if any, should be submitted within a week. The two were allegedly involved in a fund diversion case, according to Sebi.
SAT reserves order in Punit Goenka's plea against Sebi | Mint The Securities Appellate Tribunal (SAT) on Wednesday reserved its order in the matter pertaining to Zee’s former chief Punit Goenka. A bench led by Justice Tarun Agarwala reserved his verdict and held that written submissions, if any, should be submitted within a week. The two were allegedly involved in a fund diversion case, according to Sebi.
SAT doubts if Sebi will conclude probe into Goenka case on time | Mint The Securities Appellate Tribunal has raised concerns about the credibility of Securities and Exchange Board of India. SAT’s observation follows the confirmation order by Sebi chief Madhabi Puri Buch, prohibiting Goenka from holding important managerial roles in ZEE group companies.
Broadbase board before adding new clients, Sebi tells Brickwork | Mint Sebi directed Brickwork Ratings to broadbase its board, three months after the appellate tribunal quashed its order to cancel the credit rating agency’s licence. On 6 June, Justice Tarun Agarwala of Securities Appellate Tribunal (SAT) had provided relief to the ratings agency.
Tribunal stays Sebi's order on Yes Bank's former MD Rana Kapoor The Securities Appellate Tribunal (SAT) has granted an interim stay on a Sebi order that slapped a penalty of Rs 2 crore on Yes Bank's former MD Rana Kapoor. Kapoor has been in jail since March 2020 in connection with the DHFL money laundering case.
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