Media Release
ACB Court, Mumbai has allowed a miscellaneous application filed before them against certain SEBI officials and ex-chairman of BSE and the current MD &CEO. The application had sought directions for registration of a FIR and investigations into alleged irregularities in the listing of a company in 1994.
The named company, Cals Refineries Ltd., was listed at BSE in 1994. The officials named in the application were not in their respective positions at the time of listing and were not connected with the company at all. The application is frivolous and vexatious in nature.
The Honourable Court has allowed the application without issuing any notice or granting any opportunity to BSE to place the facts on record.
BSE is initiating necessary and appropriate legal steps in this regard. As a responsible market institution, BSE remains committed to upholding regulatory compliance and ensuring transparency.
About BSE
BSE, India’s leading exchange group is celebrating its 150th year anniversary. BSE has been playing a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds, stock lending and borrowing.
Media Contact
Santanu Chakraborty
022 2272 8516
Santanu.Chakraborty@bseindia.com