https://www.taxtmi.com/caselaws?id=237482 The court set aside SEBI's rejection of the Petitioner's application to operate as a Stock Exchange, directing a fresh consideration within one month. The court emphasized compliance with regulations, highlighting the importance of trust, full disclosure, and the legality of buy back agreements. It found flaws in SEBI's determinations regarding persons acting in concert and the fit and proper person criteria. The court underscored the need for SEBI to act within its regulatory framework, ensuring transparency and adherence to the law. en-us Wed, 14 Mar 2012 00:00:00 +0530 Sat, 28 Sep 2013 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237482 The court set aside SEBI's rejection of the Petitioner's application to operate as a Stock Exchange, directing a fresh consideration within one month. The court emphasized compliance with regulations, highlighting the importance of trust, full disclosure, and the legality of buy back agreements. It found flaws in SEBI's determinations regarding persons acting in concert and the fit and proper person criteria. The court underscored the need for SEBI to act within its regulatory framework, ensuring transparency and adherence to the law. Case-Laws Companies Law Wed, 14 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237482