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SAT rejects Sebi view, rules tribunal can function sans technical member


The Securities Appellate Tribunal has rejected the stock market regulator’s argument that it cannot pass orders without a technical member on the tribunal.
The earlier technical member, C K G Nair, had retired on March 31, 2021. The Securities Board of India had taken the position that SAT couldn’t pass orders without a technical member being appointed. The position had been taken in multiple appeals. The tribunal passed an order in the matter of Axis Bank on Monday.
“.we are of the confirmed opinion that the functioning of the Tribunal presently consisting of a Presiding Officer and a Judicial Member is not defective on account of non-availability of a technical member,” it said. ....

Sandeep Parekh , Justice Tarun Agarwala , Somasekhar Sundaresan , Pesi Mody , Gaurav Joshi , Suraj Chaudhary , Rafique Dada , Sumit Agrawal , Supreme Court , Bombay High Court , Meghalaya High Court , Axis Bank On , Securities Appellate Tribunal , Securities Board , Axis Bank , Presiding Officer , Judicial Member , Secretary General , Honourable Chief Justice , Fredun De Vitre , Regstreet Law Advisors , Finsec Law Advisors , Stock Market , Technical Member , சந்தீப் பரேக் , நீதி தருண் அகர்வாலா ,

Finance Ministry writes to Sebi, 'requests' agency to withdraw perpetual bond rule


Finance Ministry writes to Sebi, requests agency to withdraw perpetual bond rule
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The ministry s objection is to the rule that requires debt mutual funds to value perpetual bonds as a 100-year instrument from April 1. Fund managers too had raised concerns over this.
The finance ministry requested the Securities and Exchange Board of India (Sebi) Friday to withdraw the part of its Wednesday circular that changed the rules followed by mutual funds to value perpetual bonds. The capital market regulator hadn t responded to the suggestion at press time, but is expected to review the rules before they take effect on April 1, said people with knowledge of the matter. The move by the ministry was a rare instance of such a government intervention being made public, experts said. ....

Jnanatosh Roy , Sandeep Parekh , Bonds Of Bank Baroda , Rural Electrification Corp , Franklin Templeton , Indian Bank , Exchange Board Of India Sebi , Canara Bank , Exchange Board , Finsec Law Advisors , South Indian Bank , Additional Tier , Reserve Bank , Reserve Bank Of India , சந்தீப் பரேக் , பத்திரங்கள் ஆஃப் வங்கி பரோடா , கிராமப்புற மின்மயமாக்கல் கார்ப் , பிராங்க்ளின் கோயில் , இந்தியன் வங்கி , பரிமாற்றம் பலகை ஆஃப் இந்தியா செபி , கனரா வங்கி , பரிமாற்றம் பலகை , தெற்கு இந்தியன் வங்கி , இருப்பு வங்கி , இருப்பு வங்கி ஆஃப் இந்தியா ,