WhatsApp leak case: Do companies need to root out the mole within
There is no similar proscription on market rumour mongering (yet) issued by SEBI to the wider trading community beyond just its licensed subjects and that is perhaps a problem it will be looking to swiftly fix
Shruti Rajan | April 14, 2021 | Updated 13:14 IST
The continuing saga of WhatsApp cases must serve as a cautionary tale for the entire trading community on the use of instant messaging platforms
The Securities Appellate Tribunal recently set aside orders passed by SEBI in early 2020, where the regulator had penalised the act of forwarding WhatsApp messages containing yet-unreleased quarterly financial results of certain companies.
The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 ( <b>Insider Trading Regulations</b> ) prohibit trading in listed securities when in possession of unpublished.
SAT stays SEBI order against Kishore Biyani
February 15, 2021
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The Securities Appellate Tribunal (SAT) has granted a stay on SEBI’s order against Kishore Biyani in an insider trading case.
SAT has, however, asked Biyani and others involved in the case to deposit ₹11 crore with SEBI within four weeks, said sources.
The matter was heard before Justice Tarun Agarwala. Future Corporate Resources Limited (FCRL), Future Group’s Kishore Biyani and his brother Anil Biyani had moved an appeal in SAT against SEBI order that barred them from the securities market.
The case pertains to an announcement made by FRL to the exchanges on April 20, 2017. FCRL merged into Suhani Trading and Investment Consultants Private Limited, which resulted in the de-merger of a few businesses of FRL which benefitted the company in a monetary manner.
Insider trading case: Future Group s Kishore Biyani moves SAT against Sebi ban
Sebi had banned Kishore Biyani, his brother Anil Biyani and Future Corporate Resources Limited (FCRL) from accessing the securities market for a period of 1 year
BusinessToday.In | February 6, 2021 | Updated 19:44 IST
Kishore Biyani moves SAT against Sebi order
Future Group s Kishore Biyani, his brother Anil Biyani and Future Corporate Resources Limited (FCRL) have moved the Securities Appellate Tribunal (SAT) against the Sebi order that barred them from the securities market.
Markets regulator Securities and Exchange Board of India (Sebi) on February 3 banned the Biyani bothers and FCRL from accessing the securities market for a period of 1 year. The regulator had also restrained Biyani from buying, selling or dealing in the securities of Future Retail Limited (FRL), directly or indirectly, in any manner whatsoever, for a period of 2 years. They were also asked to jointly and severally disgorge an
Future Group shares plunge as SEBI bans CEO Kishore Biyani from securities market origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.