SC: SEBI Can’t Issue Fresh Orders on Same Cause Once Final Order Passed
The Supreme Court has ruled that SEBI cannot pass a second order demanding disgorgement (repayment of unlawful gains) after issuing a final order without including such a direction in the same case
For the returning draft document of public issues, SEBI issues guidelines
On Tuesday, SEBI came up with guidelines for returning the draft offer document for the public issues and its resubmission in a bid for greater clarity and consistency. As per the guidelines, the is important that the draft document must be prepared in
‘SPAC’ SAGA: THE ASIAN WAVERING
A Special Purpose Acquisition Company or SPAC is also known as a ‘blank cheque’ company, which are basically shell companies (without any commercial purpose), constituted ‘specially’ for acquiring a ‘target’ company, with the intention of the ‘target’ going public. Traditional IPOs have often