https://www.taxtmi.com/caselaws?id=264991 The court upheld the legality of participatory notes (PNs) as regulated offshore derivative instruments under specified laws and SEBI regulations. It dismissed the petition challenging PNs' legality, emphasizing SEBI's authority to address deviations and the existing regulatory framework's validity. The court found that reported suggestions for stricter norms on PNs did not justify the petitioner's claims, leading to the petition's dismissal. This affirmed the regulatory oversight and legality of PNs in the Indian financial market. en-us Thu, 17 Sep 2015 00:00:00 +0530 Mon, 05 Oct 2015 08:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264991 The court upheld the legality of participatory notes (PNs) as regulated offshore derivative instruments under specified laws and SEBI regulations. It dismissed the petition challenging PNs' legality, emphasizing SEBI's authority to address deviations and the existing regulatory framework's validity. The court found that reported suggestions for stricter norms on PNs did not justify the petitioner's claims, leading to the petition's dismissal. This affirmed the regulatory oversight and legality of PNs in the Indian financial market. Case-Laws Companies Law Thu, 17 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264991