SEBI Imposes ₹7 Lakh Penalty On Anand Rathi Share And Stock Broker Limited For Trading Terminal Compliance Failures

The Securities and Exchange Board of India (SEBI) imposed a penalty of Rs 7 lakh on Anand Rathi Share and Stock Broker Limited for failing to properly inspect the trading terminals of its authorised persons. SEBI's inspection revealed that the trading terminals were not at the locations reported to the exchanges by the stockbroker. The terminal allocated to authorised person...

Illegal Investment Advisory: SEBI Asks Fraud Advisor To Refund Rs. 27.67 Lakh To Investors

The Securities and Exchange Board of India (SEBI) has imposed a one-year ban on Siddharth Pandey of Snigdha Equity Advisory following violations of regulatory standards concerning investment advisory services. Along with the suspension, Pandey has been fined Rs. 6 lakh and ordered to refund Rs. 27.67 lakh collected from clients. Pandey was found to have offered investment advice...

Spandana Sphoorty Financial Ltd. Settles With SEBI For Rs 38 Lakh Over Disclosure Violations

The Securities and Exchange Board of India (SEBI) has recently concluded an investigation into Spandana Sphoorty Financial Ltd. (SSFL), a non-banking financial company. The settlement follows allegations of violations related to disclosure and listing regulations under SEBI's oversight. The investigation focused on breaches of the SEBI (Listing Obligations and Disclosure...

ICICI Securities Settles Regulatory Case With SEBI For ₹69.82 Lakh

ICICI Securities Limited has reached a settlement with the Securities and Exchange Board of India (SEBI) to resolve a case involving alleged regulatory violations. The settlement was finalized with ICICI Securities agreeing to pay ₹69.82 lakh. SEBI conducted an inspection of ICICI Securities' activities from September 22 to September 23, 2022. The inspection was part of SEBI's...

SEBI Imposes Rs 11 Lakh Fine On IIFL Securities For Compliance Failures

The Securities and Exchange Board of India (SEBI) has levied a fine of Rs 11 lakh on IIFL Securities Limited for breaches of various regulatory guidelines under the Securities Contracts (Regulation) Rules and associated SEBI circulars. SEBI found several compliance issues with IIFL Securities. The regulator noted that the broker engaged in unauthorized fund-based agreements...

2017 Haryana Judicial Paper Leak Case: Delhi Court Convicts Former High Court Registrar, Two Others

A Delhi Court has convicted former Registrar (Recruitment) of the Punjab and Haryana High Court, Dr. Balwinder Kumar Sharma, and two women in the case concerning the paper leak of Haryana Civil Services (Judicial Branch) Preliminary Examination, 2017.Principal District & Sessions Judge Anju Bajaj Chandna of Rouse Avenue Courts held that the prosecution was able to prove its case...

Delhi Coaching Centre Deaths: Court Denies Bail To Four Co-Owners Of Basement

A Delhi Court on Friday denied bail to four co-owners of basement of a coaching centre in city's Old Rajinder Nagar area where three civil services aspirants died by drowning. Principal District and Sessions Judge Anju Bajaj Chandna of Rouse Avenue Courts denied bail to Parvinder Singh, Harvinder Singh, Sarabjit Singh and Tajinder Singh. Recently, bail was granted by the trial court to...

Pune Porsche Accident Case: Trial Court Denies Bail To Accused, Says He 'Tampered With Evidence Even Before Victims' Blood Splashes Could Dry'

Observing that the accused tampered with vital evidence even before the splashes of blood of the victim dried from the accident spot, a Pune court on Wednesday (August 22) dismissed the bail applications of the all the accused in the infamous Pune Porsche hit-and-run case.District Judge UM Mudholkar noted that the applicants - Shivani and Vishal, the parents of the child in conflict with the...

Karnataka Judicial Academy To Host 'Bengaluru ADR Week 2024' On Theme Of "Expanding Of Horizon: Marching Towards World Class Arbitral Institutions”

The Bengaluru ADR Week 2024 will be held from 24.08.2024 to 26.08.2024 at Karnataka Judicial Academy, Bengaluru, on the theme of "Expanding of Horizon Marching Towards World Class Arbitral Institutions.”The program is devised to enhance the quality of the Arbitration process, which is one of the best ADR Mechanisms.It would be spread over a period of 3 days and would witness 6 panel...

Women Wrestlers Move Court After Delhi Police Withdraws Security In Sexual Harassment Case Against Brij Bhushan Singh

A Delhi Court on Thursday directed the Delhi Police to make immediate and appropriate arrangements for security of a women wrestler who is to testify tomorrow in the sexual harassment case against BJP leader and former WFI Chief Brij Bhushan Singh. ACJM Priyanka Rajpoot of Rouse Avenue Courts passed the interim order after three women wrestlers filed an application alleging that the Delhi...

Kolkata Court Allows CBI To Conduct Polygraph Tests On Ex-RG Kar Principal Sandip Ghosh, Five Other Students

A court in Kolkata has allowed the Central Bureau of Investigation (CBI's) plea for conducting a polygraph test on the former principal of RG Kar College and Hospital Sandip Ghosh, and five other students, colleagues of the victim, who were also accused in her rape-murder.While the application by the CBI has been allowed, the Sealdah court has not yet set a date for conducting the polygraph...

Fake Conversion Case | 'Matter Worrying For Civilised Society': UP Court Acquits Accused, Orders Action Against Cops, Complainant

“The presented case is worrying for the civilized society. Any person can initiate criminal proceedings against any person by registering an FIR to satisfy his vested interest. In the name of investigation, the police can show arrests at any time and can show recovery of anything, even a Rs 100 note,” a Court in Uttar Pradesh's Bareilly district remarked recently while acquitting...