Listing obligations, insider trading prevention framework, substantial acquisition (takeover code) advisory, SEBI investigation response and capital markets enforcement defence.
Short, direct, on the record.
SEBI can impose a penalty of INR 25 crore or three times the profit (whichever is higher) under Section 15G of the SEBI Act. Additionally, insider trading is a criminal offence under Section 24 of the SEBI Act, punishable with imprisonment up to 10 years and fine up to INR 25 crore.
An open offer is triggered when an acquirer (along with persons acting in concert) acquires shares or voting rights that take the aggregate holding to 25% or more, or acquires more than 5% in a financial year if already holding 25% or more. Indirect acquisitions can also trigger the obligation.
SEBI (Settlement Proceedings) Regulations, 2018 allow entities to settle proceedings (other than serious fraud or market manipulation) by paying a settlement amount. The process involves an application, evaluation by the High Powered Advisory Committee and SEBI order.
SEBI does not directly regulate unlisted companies except in specific contexts: securities issuance (private placement regulations), insider trading (UPSI provisions can apply to unlisted companies whose securities are proposed to be listed), and intermediary registration requirements.
Share the entity type, registration or listing context and the specific regulatory matter for a confidential assessment.