SEBI Orders

Test for Transfer of Management

The Supreme Court, in the matter of Bhushan Energy Limited v. Orissa Sponge Iron and Steel Limited, had directed SEBI to decide on the point of whether conversion of 35,00,000 warrants of Orissa Sponge Iron and Steel held by Bhushan Energy could result in a transfer of management. The initial issue had arisen when OSIL…

Disclosure of Price Sensitive Information – A stitch in time saves nine

The Code of Corporate Disclosure Practices provided within schedule II of the SEBI (Prohibition of Insider Trading) Regulations, 1992, provides various requirements that are to be adhered to by all listed companies. One such requirement is that all listed companies must disseminate all price sensitive information to stock exchanges on a continuous and immediate basis….

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