SEBI To Initiate 슬롯사이트˜Appropriate Legal Steps슬롯사이트� To Challenge As Mumbai Court Orders FIR Against Ex-Chairperson Madhabi Puri Buch
'A Miscellaneous Application was filed before the ACB Court, Mumbai against the former Chairperson of SEBI Madhabi Puri Buch, three current Whole Time Members of SEBI and two officials of the BSE,' said the capital markets regulator.
Mumbai, March 2: Markets regulator, the Securities and Exchange Board of India (SEBI) on Sunday said it would initiate "appropriate legal steps" to challenge the order of the ACB Court in Mumbai against its former Chairperson, Madhabi Puri Buch. In a statement, the SEBI said that "the applicant is known to be a frivolous and habitual litigant, with previous applications being dismissed by the Court, with imposition of costs in some cases".
"A Miscellaneous Application was filed before the ACB Court, Mumbai against the former Chairperson of SEBI, three current Whole Time Members of SEBI and two officials of the BSE," said the capital markets regulator.슬롯 머신 사이트 추천Madhabi Puri Buch's Term to End on February 28, Finance Ministry Invites Application for SEBI Chief Post.
It further stated that the "application sought directions for the Police to register an FIR and investigate into the alleged irregularities in granting listing permission to a Company on the Bombay Stock Exchange in 1994, without complying with the provisions of the SEBI Act, 1992, SEBI (ICDR) Regulations, 2018, and the SEBI (LODR) Regulations, 2015".
Even though these officials were not holding their respective positions at the relevant point of time, "the court allowed the application without issuing any notice or granting any opportunity to SEBI to place the facts on record", according to the SEBI statement.슬롯 머신 사이트 추천Stock Market Investment Scam in Bengaluru: Businessman Lured Into Investing in Stocks for Higher Returns, Duped of Rs 5.2 Crore; Case Registered.
The SEBI further said it "would be initiating appropriate legal steps to challenge this order and remains committed to ensuring due regulatory compliance in all matters".
Last month, the Appointments Committee of the Cabinet approved the appointment of Finance Secretary Tuhin Kanta Pandey as the new SEBI Chairman. The tenure of Buch as SEBI Chairperson ended on March 1. She assumed office on March 2, 2022, for a three-year term, becoming the first woman to lead the markets regulator.
(The above story first appeared on LatestLY on Mar 02, 2025 07:31 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).