September 2015

7000 crore SEBI Order against PACL

In relation to an ongoing proceeding against Pearls Agrotech Corporation Limited (PACL) and its four directors, for illegal and fraudulent mobilisation of funds from the public, the SEBI Adjudicating Officer (AO) has passed a stupefying 7000 crore order, dated September 22, 2015, against the company and the directors; holding the company liable for registration as…

Streamlining listing requirements – From contract to law

Based on the proposals made during the SEBI board meeting of November 19, 2014,  SEBI on September 2, 2015 notified the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations). The Listing Regulations streamline and consolidate the erstwhile listing agreement requirements for different kinds of securities across various segments of the stock exchanges into…

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