A- A A+
Last Updated : Jun 1 2020 1:14PM     Screen Reader Access
News Highlights
First phase of nationwide unlock begins today            PM Modi urges people not to lower guard in their fight against Covid-19            Raliways to run 200 Special trains across country from today            Second phase of operation Samudra Setu begins; INS Jalashwa to evacuate 700 Indians from Colombo            14 special flight to bring home over 2000 Indians from Gulf countries under Vande Bharat Mission           

National News

Jul 01, 2019

SAT imposes fine on SEBI for alleged lapses in ruling

The Securities Appellate Tribunal, SAT has imposed a fine on regulator Securities and Exchange Board of India, SEBI for an adjudicating officer's order that resulted in litigation and harassment for a former official of BGIL Films and Technologies. It is a rare instance wherein the SAT has penalized the regulator for alleged lapses. 

The order came on an appeal filed by Pooja Mahna, a former compliance officer of BGIL Films. An adjudicating officer of SEBI had imposed a penalty of 50 thousand rupees on Mahna, for alleged lapses in making disclosures under the insider trading norms, in October 26 last year.

The appellant had tendered her resignation in February 2010 and ceased to be in service from March 2010. She was not involved in board meeting of the company held on February 23, 2010. The tribunal said, in spite of this admitted position and the adjudicating officer observing that a benefit of doubt should be given to the appellant, the adjudicating officer still imposed a penalty of 50 thousand rupees. 

In an order, the tribunal said the appellant had to undergo this litigation and face harassment for almost one-and-a-half years and that a substantial portion was spent towards fee paid to an advocate for drafting the appeal.

   Related News

Live Twitter Feed

Listen News

Morning News 1 (Jun) Midday News 31 (May) News at Nine 31 (May) Hourly 1 (Jun) (1200hrs)
समाचार प्रभात 1 (Jun) दोपहर समाचार 31 (May) समाचार संध्या 31 (May) प्रति घंटा समाचार 1 (Jun) (1205hrs)
Khabarnama (Mor) 1 (Jun) Khabrein(Day) 31 (May) Khabrein(Eve) 31 (May)
Aaj Savere 1 (Jun) Parikrama 31 (May)

Listen Programs

Market Mantra 31 (May) Samayki 31 (May) Sports Scan 23 (Mar) Spotlight/News Analysis 31 (May) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 31 (May) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar)
  • Money Matters 22 (Mar)
  • International News 22 (Mar)
  • Press Review 23 (Mar)
  • From the States 23 (Mar)
  • Let's Connect 22 (Mar)
  • 360°- Ek Parivesh 23 (Mar)
  • Know Your Constitution 30 (Jan)
  • Ek Bharat Shreshta Bharat 22 (Mar)
  • Sanskriti Darshan 23 (Mar)
  • Fit India New India 23 (Mar)
  • Weather Report 21 (Mar)
  • North East Diaries 22 (Mar)
  • 150 Years of Bapu 22 (Mar)
  • Sector Specific Discussions 22 (Mar)