Mumbai, March 3 -- A special court in Mumbai has ordered the Anti-Corruption Bureau (ACB) to register a First Information Report (FIR) against former Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and five other officials. The court's order stems from allegations of stock market fraud, regulatory violations, and collusion.

The court, after reviewing the evidence, found "prima facie evidence of regulatory lapses and collusion" requiring a thorough investigation. The order specifically mentions the alleged fraudulent listing of a company on the stock exchange, despite non-compliance with SEBI regulations.

The order follows a complaint filed by journalist Sapan Shrivastava, who alleged fraudulent listing of Cal...