https://www.taxtmi.com/caselaws?id=257476 The court upheld SEBI's decision to dismiss a complaint against a stock dealer for off-market share transfers, as they were private transactions outside SEBI's jurisdiction. The court affirmed that SEBI's role is limited to matters related to the securities market and market intermediaries, not private transactions between individuals. The petitioner's argument that Civil Courts lack jurisdiction under the SEBI Act was rejected, as common law remedies for breach of contract are not precluded by SEBI Act provisions. The petition for penalty imposition was dismissed for lack of evidence, and the court found no merit in the petitioner's claims, upholding SEBI's decision. en-us Mon, 01 Sep 2014 00:00:00 +0530 Fri, 13 Mar 2015 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257476 The court upheld SEBI's decision to dismiss a complaint against a stock dealer for off-market share transfers, as they were private transactions outside SEBI's jurisdiction. The court affirmed that SEBI's role is limited to matters related to the securities market and market intermediaries, not private transactions between individuals. The petitioner's argument that Civil Courts lack jurisdiction under the SEBI Act was rejected, as common law remedies for breach of contract are not precluded by SEBI Act provisions. The petition for penalty imposition was dismissed for lack of evidence, and the court found no merit in the petitioner's claims, upholding SEBI's decision. Case-Laws Companies Law Mon, 01 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257476