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Judgment Search Results Home > Cases Phrase: securities contracts regulation amendment act 2007 section 2 amendment of section 2 Court: sebi securities and exchange board of india or securities appellate tribunal sat Page 1 of about 236 results (0.199 seconds)

Mar 10 2008 (TRI)

M.S. Gopalakrishna Vs. Union of India (Uoi)

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

Reported in : (2008)85SCL217SAT

..... therefrom were appropriated to meet his liabilities.3. the securities contracts (regulation) act, 1956 (for short 'the act') was enacted to provide for the regulation of stock exchanges and all transactions in securities dealt in on them with a view to preventing undesirable speculation in them. it was amended with effect from 12-10-2004 when sections 4a and 4b along with some others had been incorporated ..... and the scheme was notified in the official gazette on 29-8-2005. the scheme framed by the exchange and the securities contracts (regulation) (manner of increasing and maintaining public shareholding in recognized stock exchanges) regulations, 2006 (for short 'the regulations') require that the corporatised stock exchanges shall ensure that at least 51 per cent of its equity share capital is held ..... the exchange and having considered the pros and cons of the matter found no merit in the objections raised by the appellant. it was by letter dated 6-11-2007 that the board conveyed to the appellant the rejection of his complaint. hence this appeal.4. we have heard the learned counsel for the respondents and are of the ..... of the appellant to maintain the present appeal. since we are upholding this preliminary objection, facts insofar as they are necessary for the disposal of the appeal are being noticed.2. bangalore stock exchange (hereinafter called 'the exchange') like most of the other stock exchanges in the country was a mutual organization owned by the stock brokers who had .....

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Jul 03 2013 (TRI)

M/S. Gillette India Limited Vs. Securities and Exchange Board of India ...

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... 25% within a period of three years from june 4, 2010, i.e., the date on which the securities contract (regulation) (amendment) rules, 2010 came into force. 14. it is also submitted by the respondent no. 1 that the amendment of 2010 also introduced the definitions of public and public shareholding in the scrr. these have been reproduced below ..... proposed by the appellant to attain the minimum public shareholding requirement of 25% in accordance with the securities contracts (regulation) rules, 1957 ( ??scrr ? ). the appeal has been filed under section 15t of the securities and exchange board of india act, 1992 ( ??sebi act ? ). 2. respondent number 2 is a promoter of the appellant based out of india holding 75.9% of the voting rights ..... ensure that the condition stipulated is such that it noticeably embodies the need to maintain a healthy public float in the interest of the securities market. rule 19a was thus introduced vide the securities contracts (regulation) (second amendment) rules, 2010 providing for the requirements regarding continuous listing for listed companies. the respondent no. 1 submits that the case of ..... public shareholding of at least twenty five per cent: provided that any listed company which has public shareholding below twenty five per cent on the commencement of the securities contracts (regulation) (amendment) rules, 2010, shall increase its public shareholding to at least twenty five per cent within a period of three years from the date of such commencement, in .....

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Aug 01 2003 (TRI)

Kishore Rajaram Chhabria Vs. the Chairman Securities and

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

Reported in : (2003)46SCL385SAT

..... the listing agreement. for violation of any provision of the listing agreement, at the highest, only the provisions of the securities contracts (regulations) act, 1956 ("scra") would be applicable. assuming that even a non-party to such listing agreement could be penalized, that section 23(2) of the scra prescribes a fine of rs.1,000/- payable on conviction by a magistrate in terms of the ..... to any company in respect of matters specified in section 11a as may be appropriate in the interests of investors in securities and the securities market." section 11b was incorporated in the act with effect from 25.1.1995 vide "securities (laws) amendment act, 1995".119. chapter via of the sebi act provides for penalties and adjudications. sebi has invoked section 15a and 15h for the purpose of imposing monetary ..... initiate adjudication proceedings against the said persons under section 15h of the act for violation of the 1994 regulations.208. chapter vi a on "penalties and adjudication" was inserted in the sebi act with effect from 25.1.1995, by the securities laws (amendment) act. in sections 15a to 15h, several offences have been indentified which would attract monetary penalty. section 15i empowers sebi for the purpose of adjudging .....

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Jul 27 2000 (TRI)

Bank of Baroda Vs. Securities and Exchange Board of

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... of the specific measures provided therein is the provision for registering and regulating the working of several types of capital market intermediaries, including bankers to an issue. "on the basis of past experience of the board a need has been felt to amend the said acts (i.e. sebi act and securities contracts (regulation) act), in ..... of sub section (1) certain specific measures for the purpose. one ..... the functions of the board. sub section (1) of section 1 1 provides that subject to the provisions of the act, it shall be the duty of the board to protect the interests of investors in securities and to promote the development of, and to regulate the securities market, by such measures as it thinks fit. sub section (2), provides without prejudice to the generality ..... 10 weeks from the date of closing of the subscription lists and upon the expiry of that date, any allotment of shares made by the company becomes void. sub section (2) requires the company to repay forthwith all money received from applicants in response to the company's prospectus either where the company has not applied for permission of the .....

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Apr 30 2001 (TRI)

R.K. Agarwal Vs. Securities and Exchange Board of

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... of fostering investor confidence and for promoting transparency and the integrity in the functioning of the capital market, in exercise of powers under sections 11 and 11b of the securities and exchange board of india act, 1992 ('the act'), read with securities contracts (regulation) act, 1956', the appellant to relinquish the office of president of the exchange. he was also made ineligible to hold any public position ..... in future as member of the governing board or office bearer of the exchange as well as any capital market related public institution for a period of 2 ..... the matters for which the measures can be taken are provided in sub-section (2) of section 11. it is clearly made out by the plain reading of the language of the section itself that the sebi has to protect the interests of the investors in securities and has to regulate the securities market by such measures as it thinks fit and such measures may be ..... amending the bye-laws of the exchange or issuing guidelines etc. the substantive prayer of the appellant in the appeal is to (i) cancel/set aside the impugned order dated 3-11-2000 and (ii) order status quo of appellant in relation to the presidentship and directorship at the time of passing of the impugned order on 3-11-2000.11. .....

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Oct 18 2002 (TRI)

Sebi Vs. Biyani Securities Pvt. Ltd.

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... data with regard to this is already available to sebi.11. they seek clarification whether the provisions of the bye laws of cse have been amended by due process as provided section 10 of the securities contract regulation act 1956.12. it also denies that any transaction impacting the price discovery mechanism of stock exchanges was carried out by it as alleged or that ..... of assisting in, entering into or performing contracts in securities." this prohibition is applicable inter alia within the municipal limits of calcutta.17. section 2(j) defines stock exchange as meaning " any body of individuals, whether incorporated or not , constituted for the purpose of assisting, regulating or controlling the business of buying, selling or dealing in securities." 18. from the data furnished by m ..... /s biyani securities pvt. ltd, it has been observed that it has ..... ltd. was a member of the calcutta stock exchange and was registered with sebi as a stock broker with registration no. inb030795439.2. the securities and exchange board of india (hereinafter referred to as sebi) initiated investigation against shri ketan parekh and some entities associated with it and also by some brokers of .....

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Aug 27 2003 (TRI)

In Re: Bangalore Stock Exchange

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... interest of investing public and in a manner which is adverse to the interest of investors.2. 1 on the basis of the aforesaid findings a detailed show cause notice dated april 09, 2003 was issued to the council of management of bgse under section 11 of securities contracts (regulation) act, 1956 (hereinafter referred to as scra). vide said show cause notice, while referring to the ..... . 1 having regard to the above, i, in exercise of the powers conferred upon me in terms of section 19 read with section 11 of sebi act, 1992 and section 11 of securities contracts (regulation) act, 1956 and in the interest of investors, hereby issue a warning to the governing board of directors of the bangalore stock exchange ltd. to be more vigilant, cautious and careful ..... surveillance actions of the scrips listed on the exchange is not properly laid down. a) it failed to amend the byelaws providing code of ethics as directed by sebi ; b) it did not implement the settlement system introduced by it for delivery of securities to investors; c) it was utilising the settlement guarantee fund for meeting the penalty and fine obligations of ..... the exchange to utilise the funds of sgf towards dues to the exchange on account of fines and penalties.2. 12 regarding allegation of failure to amend the bye-laws providing code of ethics, it was submitted that the amendments were duly carried out. however, the publication thereof in the official gazette of state of karnataka is pending due to some technical reasons .....

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Oct 01 2002 (TRI)

Sebi Vs. Shri Ratan Lal Poddar

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... violative of section 19(1) of the securities contracts (regulation) act, 1956, regulation 4b of the sebi (prohibition of fraudulent and unfair trade practices relating to securities market) regulations, 1995 and regulation 7 of sebi (stock brokers and sub brokers) regulation 1992 or any other statute whatsoever.15. the show cause includes violation of cse byelaws. he has asked sebi to supply him with a copy of the latest, amended and ..... purpose of assisting in, entering into or performing contracts in securities." this prohibition is inter alia applicable within the municipal limits of calcutta.20. section 2(j) defines stock exchange as meaning " any body of individuals, whether incorporated or not , constituted for the purpose of assisting, regulating or controlling the business of buying, selling or dealing in securities." 21. from the data furnished by shri ratan ..... 1. shri ratan lal poddar was a member of the calcutta stock exchange and was registered with sebi as a stock broker with registration no.inb 031031116.2. the securities and exchange board of india (hereinafter referred to as sebi) initiated investigation proceedings against shri ketan parekh and some entities associated with him which is still under progress. as a .....

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Oct 18 2002 (TRI)

Sebi Vs. Doe Jones Investment and

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... functioning of the market and thus appears to have violated section 19(1) of securities contracts (regulation) act, 1956 read with regulation 4 (b) of sebi (prohibition of fraudulent and unfair trade practices relating to securities market) regulations, 1995.34. the brokers is asking sebi to furnish the copy of their stock exchange's bye-laws. the byelaws and amendments thereto are public documents and are notified in the ..... purpose of assisting in, entering into or performing contracts in securities." this prohibition inter alia is operative in the municipal limits of calcutta.19. section 2(j) defines stock exchange as meaning " any body of individuals, whether incorporated or not , constituted for the purpose of assisting, regulating or controlling the business of buying, selling or dealing in securities." 20. from the data furnished by the said ..... /s doe jones investment & consultants pvt ltd was a member of the calcutta stock exchange and was registered with sebi as a stock broker with registration no. inb 031119234.2. the securities and exchange board of india (hereinafter referred to as sebi) initiated investigation proceedings against shri ketan parekh and some entities associated with it and also in respect of the pay .....

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Oct 18 2002 (TRI)

Sebi Vs. Shri Raj Kumar Poddar

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... violative of section 19(1) of the securities contracts (regulation) act, 1956, regulation 4b of the sebi (prohibition of fraudulent and unfair trade practices relating to securities market) regulations, 1995 and regulation 7 of sebi (stock brokers and sub brokers) regulation 1992 or any other statute whatsoever.14. the show cause includes violation of cse byelaws. he has asked sebi to supply him with a copy of the latest, amended and ..... purpose of assisting in, entering into or performing contracts in securities." this prohibition is inter alia operative within the municipal limits of calcutta.19. section 2(j) defines stock exchange as meaning " any body of individuals, whether incorporated or not , constituted for the purpose of assisting, regulating or controlling the business of buying, selling or dealing in securities." 20. from the data furnished by shri raj ..... 1. shri raj kumar poddar was a member of the calcutta stock exchange and was registered with sebi as a stock broker with registration no.inb030972316.2. the securities and exchange board of india (hereinafter referred to as sebi) initiated investigation proceedings against shri ketan parekh and some entities associated with him which is still under progress. as a .....

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