The Securities Appellate Tribunal (SAT), Mumbai, in its order dated 13.08.2026, has once again settled an important compliance question: does settling with SEBI shield a listed company from a separate fine by the stock exchange for the same violation? The Facts: 🔹 Hindustan Foods Ltd. failed to meet the minimum Independent Director requirement under Reg. 17(1)(b) of LODR Regulations (at least 50% Board strength) for periods between 27.08.2018 and 08.11.2022. 🔹 The Company

📢 Compliance Newsletter – July, 2026 Edition is here! Delighted to share our latest edition covering the key regulatory developments across MCA, RBI, SEBI and the Stock Exchanges during July, 2026. Some highlights this month: 🔹 MCA extends the Companies Compliance Facilitation Scheme (CCFS-2026) to August 31, 2026, and invites stakeholder suggestions on the new Integrated Platform for Insolvency Ecosystem (iPIE) 🔹 RBI undertakes a landmark consolidation exercise — 628 circ