News:The Supreme Court stayed an order of the Securities Appellate Tribunal (SAT) which had held that markets watchdog Sebi does not have the power to bar auditors. Facts: Background: The Securities and Exchange Board of India(SEBI) had filed an appeal in the Supreme Court against the SAT’s order. The Securities Appellate Tribunal(SAT) in its order… Continue reading SC stays SAT order holding that Sebi lacks power to bar auditors
Tag: SAT
Co-location: NSE knocks on SAT’s door
National Stock Exchange of India(NSE) has challenged co-location orders of the Securities and Exchange Board of India(Sebi) before Securities Appellate Tribunal(SAT). The order was challenged on the grounds that it is unsustainable, arbitrary and disproportionate order.NSE has alleged that Sebi orders have not shown that any trading member got any advantage because of preferential access.… Continue reading Co-location: NSE knocks on SAT’s door
SAT settles SEBI-broker dispute over interest calculation
The Securities Appellate Tribunal (SAT) was recently forced to calculate simple interest in a matter between the SEBI and broker Prebon Yamane(India).It was calculated after they failed to arrive at a consensus on the manner and the amount on which simple interest had to be calculated. The Securities and Exchange Board of India (SEBI) is… Continue reading SAT settles SEBI-broker dispute over interest calculation
