https://www.taxtmi.com/caselaws?id=261355 The court held that SEBI has jurisdiction to initiate proceedings against Lead Managers for GDRs issued outside India if the fraudulent activities impact the Indian securities market or investors. SEBI's order debarring the respondents for ten years from dealing with securities was justified based on findings of fraudulent transactions detrimental to Indian investors and the securities market. The court emphasized SEBI's duty to protect investor interests and regulate the securities market, setting aside the Securities Appellate Tribunal's view that SEBI lacked jurisdiction and restoring the appeal for further consideration on its merits. en-us Mon, 06 Jul 2015 00:00:00 +0530 Thu, 09 Jul 2015 16:53:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261355 The court held that SEBI has jurisdiction to initiate proceedings against Lead Managers for GDRs issued outside India if the fraudulent activities impact the Indian securities market or investors. SEBI's order debarring the respondents for ten years from dealing with securities was justified based on findings of fraudulent transactions detrimental to Indian investors and the securities market. The court emphasized SEBI's duty to protect investor interests and regulate the securities market, setting aside the Securities Appellate Tribunal's view that SEBI lacked jurisdiction and restoring the appeal for further consideration on its merits. Case-Laws Companies Law Mon, 06 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261355