Does This SAT Order Junk the Very Basis of SEBI Regulations?
The Securities Appellate Tribunal (SAT) has done it again. On 2 June 2022, it issued a brief 9-page order which throws out of the window the very philosophy of disclosure-based regulations that have underpinned all of SEBI’s (Securities and Exchange Board of India’s) actions for three decades.
Source: moneylife.in