Tagged “illiquid-stock-options”

1 article on illiquid-stock-options.

Landmark JudgmentSecurities Appellate Tribunal

Sukhraj Kaur Rajbans v. SEBI: can a penalty fall below the statutory minimum?

By a 2:1 majority, SAT held that section 15J of the SEBI Act lets an adjudicator reduce a penalty below the statutory minimum in fit cases, over a dissent.

Valkya Editorial·1 Jun 2026·8 min