(Guest Post) Supreme Court: SAT has no jurisdiction to adjudicate on SEBI’s ‘Administrative Circulars’

This post is authored by Gaurav N Pingle, a practicing Company Secretary from Pune. He is associated as ‘Domain Consultant’ with CimplyFive Corporate Secretarial Services Pvt. Ltd. He is also visiting faculty for ‘Company Law’ at ILS Law College, Pune. Mr. Pingle can be contacted at gp@csgauravpingle.com. For more information on Mr. Pingle’s work, please visit www.csgauravpingle.com.

In a very interesting decision, the Supreme Court interpreted the provisions of SEBI Act (‘the Act’), and ruled on a contentious question – Whether administrative circular that is issued by SEBI under the Act can be the subject matter of appeal u/s 15T of the Act?

This article is an analysis of the Apex Court’s judgment in National Securities Depository Ltd. V. Securities and Exchange Board Of India [“NSDL v SEBI”] [dated March 7, 2017].

Continue reading

Case Note: Section 142A of Negotiable Instruments Act applies Retrospectively

Bridgestone India Private Limited v. Inderpal Singh[1]

Harish Adwant, IV B.S.L. LL.B.

Section 4 of the Negotiable Instruments (Amendment) Second Ordinance, 2015 (Ordinance) inserts Section 142A in the Negotiable Instruments Act, 1881 (the Act) which provides for retrospective application of Section 142. Continue reading