SEBI MATTERS IN THE SUPREME COURT OF INDIA
How to file SEBI Matters in the Supreme Court of India?
Through the best lawyer in the Supreme Court
SEBI MATTERS –
The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.
The Securities and Exchange Board of India was established as a statutory body in the year 1992 and the provisions of the Securities and Exchange Board of India Act, 1992 (15 of 1992) came into force on January 30, 1992.
The Preamble of the Securities and Exchange Board of India describes the basic functions of the Securities and Exchange Board of India as "...to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto"
The Securities and Exchange Board of India (“SEBI”) Act, 1992 and the SEBI (Prohibition of Insider Trading) (“PIT”) Regulations, 1992, were the first laws addressing insider trading. The idea of prohibiting insider trading of securities was included into Section 195 of the Companies Act, 2013 (“The Act”) by virtue of its enactment. In order to reform the current capital market regulatory framework, SEBI replaced the 1992 regulations with the SEBI PIT Regulations, 2015. Regulation 3 and 4 under PIT Regulations, 2015, deals with the communication of Unpublished Price Sensitive Information (“UPSI”) and trading when in possession of UPSI, respectively. Any information, relating to a company or its securities, such as financial results, dividends, change in capital structure, merger, de-merger, acquisitions, delisting etc., that is not generally available, which upon becoming generally available, is likely to materially affect the price of the securities is considered as UPSI.
Penalty specified under SEBI Act, 1992 (Section 15G) and Companies Act, 2013, (Section 195) shall not be less than Rs 10 lakhs, may extend to Rs 25 crores or three times the amount of profits made out of insider trading, whichever is higher.
JAYPRAKASH SOMANI, ADVOCATES & SOLICITORS is a law firm in India. With long stretches of involvement in the fields of litigation, arbitration, mediation, and corporate consultancy, our team of legal advisors has been working with the intention to provide complete, reliable, legitimate answers for their clients, concerning SEBI matters. We are dealing all types of matters with very efficient manners.
Ø Appeals u/s 15 Z of Securities and Exchange Board of India Act, 1992.
Ø Criminal matters arising out of Securities Act, 1992.
Ø Appeals u/s 10 of the Special Courts (Trial of Offences relating to transactions in Securities) Act, 1992.
Ø Civil matters arising out of Securities Act, 1992
The law firm has effectively helped the clients in adjudicating suits by supporting court proceedings. Furthermore, it additionally guarantees fast and compelling removal of defects in Courts.
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List of Adv. Jayprakash Somani’s Books
1. SEBI Matters- Supreme Court’s Latest Leading Case Laws
Books are available online in India
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Books are available online at International Market
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