Supreme Court · 2023 INSC 719 · Decided 8 February 2023
Securities and Exchange Board of India v. V Shankar
- Court
- Supreme Court of India
- Citation
- 2023 INSC 719 · [2023] 6 S.C.R. 419
- Case number
- CIVIL APPEAL No. 527/2023
- Decided
- 8 February 2023
- Bench
- D.Y. CHANDRACHUD, PAMIDIGHANTAM SRI NARASIMHA, J.B. PARDIWALA (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 68, 77A
Headnote
SEBI (Buyback of Securities) Regulations, 1998 - Regulation 19(3) - Interpretation of - Notice to show cause was issued by the Whole Time Member (WTM) of SEBI to Deccan Chronicle Holdings Limited (DCHL), its Chairperson, Vice-chairperson - A penalty of Rs.10 lakhs was imposed on the respondent - Respondent was held liable on the ground that he was the Company Secretary when a buyback offer worth Rs.270 crores was made by the company in violation of regulatory provisions - Order set aside by the Securities
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)