SEBI Adjudication and SAT-Litigation Support Services

A SEBI show-cause notice or adjudication proceeding is often a defining moment for a listed company, a director or a SEBI-registered intermediary. Transique’s regulatory team advises, prepares written responses, appears (alongside senior advocates where required) in adjudication / investigation proceedings, drafts settlement applications under the SEBI Settlement Regulations, and supports Securities Appellate Tribunal (SAT) appeals.

Most SEBI enforcement matters can be resolved favourably with a rigorously evidenced response or, where appropriate, a well-structured settlement application. The choice between fighting and settling should be made on evidence, not reflex.

• You have received a SEBI show-cause notice and need a response drafted and filed.
• You are an intermediary (PMS, RIA, merchant banker) facing an inspection or enforcement action.
• You are evaluating the option of a settlement application under the SEBI Settlement Regulations.
• You are appealing a SEBI adjudication order before the SAT.
• You are a listed company director facing personal adjudication exposure and need independent advice.

• Evidentiary-record review and case assessment (continue vs settle).
• Written response drafting — on facts, on law, on mitigation.
• Settlement application — Form A preparation, computation of settlement amount, submission and SEBI interaction.
• Adjudication-proceeding representation coordination with senior advocates where required.
• SAT appeal drafting — memorandum of appeal, stay applications, paper-book, oral argument coordination.
• Post-order compliance or remediation programmes.

• Evidence review. Underlying documents, correspondence, internal records, SEBI notice, supporting exhibits.
• Case assessment. Likelihood, quantum, reputational implications — continue-defend vs settle.
• Response or settlement. Drafted by the legal team with partner-led review; filed under appropriate timeline.
• In-person adjudication representation coordinated with senior counsel where useful.
• Appeal (if required). SAT memorandum, stay order, oral hearings.
• Post-order. Compliance programme, remediation documentation, prevention of recurrence.

• SEBI Act — Sections 11, 11B, 15, 15A-15HB adjudication provisions.
• SEBI Settlement Regulations — eligibility, computation factors, procedural requirements.
• SAT procedural rules.
• Indian Evidence Act and procedural principles as applicable to SEBI adjudication.