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<h1>Indian High Court Highlights Transparency and Accountability in Securities Law; Focus on MPS Compliance and Document Disclosure.</h1> A High Court in India examined key issues in securities law, focusing on the rejection of document disclosure, compliance with Minimum Public Shareholding (MPS) norms, and settlement proceedings. Minority shareholders sought access to documents related to securities law violations, which was denied on confidentiality grounds. The Court found these claims overstretched, emphasizing SEBI's duty to ensure transparency. It highlighted lapses in MPS compliance impacting market integrity and raised concerns about the legitimacy of settlements that bypass thorough scrutiny. The judgment underscores the importance of transparency, regulatory accountability, and protecting minority shareholder rights in corporate governance.