{"id":210993,"date":"2021-01-07T13:14:21","date_gmt":"2021-01-07T05:14:21","guid":{"rendered":"https:\/\/law.asia\/?p=210993"},"modified":"2025-03-19T11:27:24","modified_gmt":"2025-03-19T03:27:24","slug":"sebis-awkward-two-step","status":"publish","type":"post","link":"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/","title":{"rendered":"\u6700\u8fd1\u306e\u5909\u66f4\u306b\u95a2\u3059\u308bSEBI\u306e\u5384\u4ecb\u306a2\u30b9\u30c6\u30c3\u30d7"},"content":{"rendered":"<p style=\"text-align: justify;\"><span class=\"custom-dropcap-black vantage-black\">\u30a4<\/span>\u30f3\u30c9\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\uff08SEBI\uff09\u306f\u6700\u8fd1\u3001\u4e0a\u5834\u767a\u884c\u50b5\u5238\u306e\u6295\u8cc7\u5bb6\u3092\u4fdd\u8b77\u3059\u308b\u305f\u3081\u306e\u4e00\u9023\u306e\u5909\u66f4\u3092\u5c0e\u5165\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u5909\u66f4\u306e\u524d\u5146\u306f\u3001\u898f\u5236\u8cc7\u672c\u3092\u76ee\u7684\u3068\u3057\u305f\u9280\u884c\u306b\u3088\u308b\u4e0a\u5834\u975e\u8ee2\u63db\u512a\u5148\u682a\u5f0f\u306e\u767a\u884c\u306b\u95a2\u3059\u308b\u898f\u5236\u306e\u308f\u305a\u304b\u306a\u4fee\u6b63\u3067\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u5546\u54c1\u306b\u306f\u3001\u5143\u672c\u306e\u8a55\u4fa1\u6e1b\u306a\u3069\u306e\u6a5f\u80fd\u304c\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u6a5f\u80fd\u304c\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u306b\u95a2\u3059\u308b\u6700\u8fd1\u306e\u8ad6\u4e89\u306b\u7167\u3089\u3057\u3066\u3001SEBI\u306e\u5909\u66f4\u306b\u3088\u308a\u3001\u8cc7\u683c\u306e\u3042\u308b\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u307f\u304c\u3053\u306e\u3088\u3046\u306a\u5546\u54c1\u306e\u767a\u884c\u306b\u53c2\u52a0\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u3053\u306e\u3088\u3046\u306a\u5546\u54c1\u306e\u6700\u4f4e\u30aa\u30d5\u30a1\u30fc\u306f1,000\u4e07\u30eb\u30d4\u30fc\uff08135,000\u7c73\u30c9\u30eb\uff09\u3067\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002<\/p>\n<figure id=\"attachment_204262\" aria-describedby=\"caption-attachment-204262\" style=\"width: 250px\" class=\"wp-caption alignleft\"><img class=\"wp-image-204262 size-medium\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2020\/12\/Sawant-Singh-250x300.jpg\" alt=\"Sawant Singh,Phoenix Legal\" width=\"250\" height=\"300\" \/><figcaption id=\"caption-attachment-204262\" class=\"wp-caption-text\"><strong>Sawant Singh<\/strong><br \/>\u30d1\u30fc\u30c8\u30ca\u30fc\u3067\u3059<br \/>Phoenix Legal<\/figcaption><\/figure>\n<p style=\"text-align: justify;\">2020\u5e7410\u670813\u65e5\u3001SEBI\u306f\u3001\u4e0a\u5834\u50b5\u5238\u306e\u767a\u884c\u8005\u306b\u3088\u308b\u50b5\u52d9\u4e0d\u5c65\u884c\u306e\u5834\u5408\u306e\u624b\u7d9a\u304d\u306b\u3064\u3044\u3066\u3001\u793e\u50b5\u7ba1\u8ca1\u4eba\u306b\u3055\u3089\u306a\u308b\u6307\u793a\u3092\u51fa\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306f\u3001\u767a\u884c\u8005\u306b\u5bfe\u3059\u308b\u3088\u308a\u9ad8\u3044\u5831\u544a\u304a\u3088\u3073\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u8981\u4ef6\u3001\u304a\u3088\u3073\u793e\u50b5\u7ba1\u8ca1\u4eba\u306e\u3088\u308a\u9ad8\u3044\u8cac\u4efb\u3092\u898f\u5b9a\u3057\u3066\u3044\u307e\u3059\u3002\u305f\u3068\u3048\u3070\u3001\u50b5\u52d9\u4e0d\u5c65\u884c\u304c\u767a\u751f\u3057\u305f\u5834\u5408\u3001\u793e\u50b5\u7ba1\u8ca1\u4eba\u306f\u3001\u793e\u50b5\u4fdd\u6709\u8005\u306b\u767a\u751f\u304b\u30893\u65e5\u4ee5\u5185\u306b\u901a\u77e5\u3057\u300130\u65e5\u4ee5\u5185\u306b\u4f1a\u8b70\u3092\u53ec\u96c6\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u306e\u3088\u3046\u306a\u4f1a\u8b70\u3067\u306f\u3001\u3059\u3079\u3066\u306e\u6c7a\u5b9a\u306f\u3001\u4fa1\u5024\u306775\uff05\u3068\u6570\u306760\uff05\u306e\u793e\u50b5\u4fdd\u6709\u8005\u306e\u540c\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<p style=\"text-align: justify;\">\u3055\u3089\u306b\u30011993\u5e74\u306b\u6539\u6b63\u3055\u308c\u305fSEBI\uff08\u50b5\u5238\u7ba1\u8ca1\u4eba\uff09\u898f\u5247\u3067\u306f\u3001\u50b5\u5238\u53d7\u8a17\u8005\u306f\u3001\u62c5\u4fdd\u4ed8\u304d\u8cc7\u7523\u306e\u72ec\u7acb\u3057\u305f\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u8a55\u4fa1\u3092\u5b9f\u65bd\u3057\u3066\u3001\u8cc7\u7523\u306b\u8ca0\u62c5\u304c\u304b\u304b\u3089\u306a\u3044\u3053\u3068\u3001\u304a\u3088\u3073\u4ed6\u306e\u6599\u91d1\u4fdd\u6709\u8005\u304b\u3089\u306e\u540c\u610f\u304c\u5f97\u3089\u308c\u3066\u3044\u308b\u3053\u3068\u3092\u78ba\u8a8d\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u6539\u6b63\u3055\u308c\u305f\u793e\u50b5\u7ba1\u8ca1\u4eba\u898f\u5247\u304a\u3088\u3073SEBI\u306e10\u670813\u65e5\u306e\u56de\u89a7\u306b\u3088\u308a\u3001\u793e\u50b5\u7ba1\u8ca1\u4eba\u306f\u3001\u30a4\u30f3\u30c9\u6e96\u5099\u9280\u884c\uff08RBI\uff09\u306b\u3088\u3063\u3066\u898f\u5b9a\u3055\u308c\u305f\u89e3\u6c7a\u67a0\u306b\u57fa\u3065\u304f\u89e3\u6c7a\u8a08\u753b\u306b\u95a2\u3057\u3066\u3001\u793e\u50b5\u4fdd\u6709\u8005\u306b\u4ee3\u308f\u3063\u3066\u4ed6\u306e\u8cb8\u3057\u624b\u3068\u50b5\u6a29\u8005\u9593\u5951\u7d04\u3092\u7d50\u3076\u3053\u3068\u3092\u8a31\u3057\u3066\u3044\u307e\u3059\u3002SEBI\u306e\u56de\u89a7\u306b\u306f\u3001\u793e\u50b5\u7ba1\u8ca1\u4eba\u304c\u7279\u5b9a\u306e\u4e8b\u8c61\u306e\u767a\u751f\u6642\u306b\u50b5\u6a29\u8005\u9593\u5951\u7d04\u3092\u7d42\u4e86\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u308b\u6587\u8a00\u3082\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p style=\"text-align: justify;\">2008\u5e74\u306eSEBI\uff08\u50b5\u5238\u306e\u767a\u884c\u304a\u3088\u3073\u4e0a\u5834\uff09\u898f\u5247\u306f\u3001\u4e0a\u5834\u50b5\u5238\u306e\u30aa\u30d5\u30a1\u30fc\u6587\u66f8\u306b\u304a\u3051\u308b\u767a\u884c\u8005\u306e\u8ffd\u52a0\u306e\u958b\u793a\u8981\u4ef6\u3092\u898f\u5b9a\u3059\u308b\u3088\u3046\u306b\u4fee\u6b63\u3055\u308c\u307e\u3057\u305f\u30022021\u5e741\u67081\u65e5\u4ee5\u964d\u3001\u4e0a\u5834\u50b5\u5238\u306e\u767a\u884c\u8005\u306f\u3001\u767a\u884c\u30b5\u30a4\u30ba\u306e0.01\uff05\u306b\u76f8\u5f53\u3059\u308b\u91d1\u984d\u3092\u3001\u4e0a\u9650250\u4e07\u30eb\u30d4\u30fc\u3067\u3001\u73fe\u91d1\u307e\u305f\u306f\u73fe\u91d1\u540c\u7b49\u7269\u3068\u3057\u3066\u3001\u6307\u5b9a\u8a3c\u5238\u53d6\u5f15\u6240\u306e\u56de\u53ce\u8cbb\u7528\u57fa\u91d1\u306b\u62e0\u51fa\u3059\u308b\u3053\u3068\u304c\u7fa9\u52d9\u4ed8\u3051\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u50b5\u52d9\u8a3c\u5238\u306e\u511f\u9084\u6642\u306b\u8fd4\u91d1\u3055\u308c\u307e\u3059\u3002\u50b5\u52d9\u4e0d\u5c65\u884c\u304c\u767a\u751f\u3057\u305f\u5834\u5408\u3001\u793e\u50b5\u7ba1\u8ca1\u4eba\u306f\u3001\u6cd5\u5b9a\u8cbb\u7528\u304a\u3088\u3073\u305d\u306e\u4ed6\u306e\u57f7\u884c\u8cbb\u7528\u306b\u5bfe\u3059\u308b\u793e\u50b5\u4fdd\u6709\u8005\u306e\u6307\u793a\u306b\u57fa\u3065\u3044\u3066\u3053\u308c\u3089\u306e\u91d1\u984d\u3092\u5229\u7528\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u767a\u884c\u8005\u306b\u5bfe\u3059\u308b\u8ffd\u52a0\u306e\u5831\u544a\u304a\u3088\u3073\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u8981\u4ef6\u3082\u30012015\u5e74\u306e\u4fee\u6b63\u3055\u308c\u305fSEBI\uff08\u4e0a\u5834\u7fa9\u52d9\u304a\u3088\u3073\u958b\u793a\u8981\u4ef6\uff09\u898f\u5247\u306e\u4e0b\u3067\u898f\u5b9a\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<figure id=\"attachment_204266\" aria-describedby=\"caption-attachment-204266\" style=\"width: 250px\" class=\"wp-caption alignleft\"><img class=\"wp-image-204266 size-medium\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2020\/12\/Aditya-Bhargava-250x300.jpg\" alt=\"Aditya Bhargava,Phoenix Legal\" width=\"250\" height=\"300\" \/><figcaption id=\"caption-attachment-204266\" class=\"wp-caption-text\"><strong>Aditya Bhargava<\/strong><br \/>\u30d1\u30fc\u30c8\u30ca\u30fc\u3067\u3059<br \/>Phoenix Legal<\/figcaption><\/figure>\n<p style=\"text-align: justify;\">\u6539\u6b63\u3055\u308c\u305f\u793e\u50b5\u7ba1\u8ca1\u4eba\u898f\u5247\u304a\u3088\u3073\u50b5\u52d9\u4e0a\u5834\u898f\u5247\u3067\u306f\u3001\u793e\u50b5\u4fe1\u8a17\u8a3c\u66f8\u30922\u3064\u306e\u90e8\u5206\u306b\u7de8\u6210\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u30d1\u30fc\u30c8A\u306f\u50b5\u52d9\u554f\u984c\u306b\u95a2\u3059\u308b\u6cd5\u5b9a\u304a\u3088\u3073\u6a19\u6e96\u60c5\u5831\u3067\u3042\u308a\u3001\u30d1\u30fc\u30c8B\u306f\u5546\u696d\u304a\u3088\u3073\u53d6\u5f15\u56fa\u6709\u306e\u8a73\u7d30\u3067\u3059\u3002\u3053\u308c\u3089\u306e\u5909\u66f4\u306f\u3001\u6295\u8cc7\u5bb6\u306e\u4fdd\u8b77\u3068\u958b\u793a\u3092\u6539\u5584\u3059\u308b\u305f\u3081\u306b\u5c0e\u5165\u3055\u308c\u305f\u5370\u8c61\u3092\u4e0e\u3048\u307e\u3059\u304c\u3001\u3053\u308c\u306f\u69d8\u5f0f\u95a2\u9023\u306e\u5909\u66f4\u3067\u3042\u308a\u3001SEBI\u306e\u4ed6\u306e\u5909\u66f4\u3092\u8ffd\u52a0\u3059\u308b\u3088\u3046\u3067\u3059\u3002\u3053\u308c\u306f\u660e\u3089\u304b\u306a\u5b9f\u8cea\u7684\u306a\u5229\u76ca\u3092\u3082\u305f\u3089\u3055\u305a\u3001\u304a\u305d\u3089\u304f\u518d\u8a55\u4fa1\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p style=\"text-align: justify;\">SEBI\u306b\u3088\u3063\u3066\u5c0e\u5165\u3055\u308c\u305f\u5909\u66f4\u306e\u80cc\u5f8c\u306b\u3042\u308b\u610f\u56f3\u306f\u79f0\u8cdb\u306b\u5024\u3057\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u3053\u308c\u3089\u306f\u524d\u5411\u304d\u3067\u306f\u306a\u304f\u53cd\u5fdc\u7684\u306b\u898b\u3048\u3001\u76ee\u6a19\u578b\u3067\u306f\u306a\u304f\u5e83\u7bc4\u56f2\u306b\u53ca\u3076\u3088\u3046\u306b\u898b\u3048\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u56de\u53ce\u8cbb\u7528\u57fa\u91d1\u306f\u4e0a\u5834\u50b5\u52d9\u8cc7\u672c\u5e02\u5834\u306e\u767a\u884c\u8cbb\u7528\u3092\u5897\u52a0\u3055\u305b\u3001\u50b5\u52d9\u8cc7\u672c\u5e02\u5834\u3092\u6df1\u3081\u3001\u9280\u884c\u304b\u3089\u8cc7\u672c\u5e02\u5834\u3078\u306e\u501f\u5165\u306e\u79fb\u884c\u3092\u4fc3\u9032\u3059\u308b\u653f\u5e9c\u306e\u63aa\u7f6e\u3092\u59a8\u3052\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u63aa\u7f6e\u304c\u4fe1\u7528\u529b\u306e\u5f31\u3055\u306e\u8a18\u9332\u3092\u6301\u3064\u767a\u884c\u4f53\u306b\u5411\u3051\u3089\u308c\u3066\u3044\u305f\u306a\u3089\u3070\u3001\u305d\u308c\u306f\u3082\u3063\u3068\u6709\u7528\u3060\u3063\u305f\u3067\u3057\u3087\u3046\u3002\u3059\u3079\u3066\u306e\u767a\u884c\u8005\u306b\u9069\u7528\u3059\u308b\u3068\u3001\u6e96\u62e0\u3057\u3066\u3044\u308b\u767a\u884c\u8005\u306b\u3044\u304f\u3064\u304b\u306e\u30a8\u30e9\u30fc\u306e\u30da\u30ca\u30eb\u30c6\u30a3\u3092\u8ab2\u3059\u52b9\u679c\u304c\u3042\u308a\u307e\u3059\u3002SEBI\u306e10\u670813\u65e5\u306e\u56de\u89a7\u306f\u3001RBI\u306e\u89e3\u6c7a\u67a0\u304c\u3059\u3079\u3066\u306e\u8cb8\u3057\u624b\u3092\u62d8\u675f\u3059\u308b\u305f\u3081\u306b\u50b5\u6a29\u8005\u9593\u5408\u610f\u306e\u4e0b\u3067\u884c\u308f\u308c\u308b\u6c7a\u5b9a\u3092\u8981\u6c42\u3057\u3001\u8cb8\u3057\u624b\u306b\u4e00\u65b9\u7684\u306b\u64a4\u9000\u3059\u308b\u6a29\u5229\u3092\u4e0e\u3048\u3066\u3044\u306a\u3044\u3088\u3046\u306b\u898b\u3048\u308b\u305f\u3081\u3001\u7406\u89e3\u306e\u4e0d\u6574\u5408\u307e\u305f\u306fRBI\u3068\u306e\u5354\u8b70\u306e\u6b20\u5982\u306e\u53ef\u80fd\u6027\u3082\u53cd\u6620\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u3001RBI\u306e\u89e3\u6c7a\u67a0\u3078\u306e\u793e\u50b5\u7ba1\u8ca1\u4eba\u306e\u53c2\u52a0\u3092\u8a55\u4fa1\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u3001\u305d\u306e\u9069\u7528\u3092\u5c0e\u304f\u8ffd\u52a0\u306e\u6307\u793a\u3092\u63d0\u4f9b\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #808080;\"><em>Sawant Singh\u3068Aditya Bhargava\u306f\u3001Phoenix Legal\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u3067\u3059\u3002\u30a2\u30bd\u30b7\u30a8\u30a4\u30c8\u306eSristi Yadav\u3082\u3053\u306e\u8a18\u4e8b\u3092\u88dc\u4f50\u3002<\/em><\/span><\/p>\n<section class=\"format-info\"><img class=\"aligncenter wp-image-33440 size-medium\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2016\/07\/Phoenix-logo-300x109.jpg\" alt=\"Phoenix Legal\" width=\"300\" height=\"109\" srcset=\"https:\/\/law.asia\/wp-content\/uploads\/2016\/07\/Phoenix-logo-300x109.jpg 300w, https:\/\/law.asia\/wp-content\/uploads\/2016\/07\/Phoenix-logo-768x279.jpg 768w, https:\/\/law.asia\/wp-content\/uploads\/2016\/07\/Phoenix-logo-696x253.jpg 696w, https:\/\/law.asia\/wp-content\/uploads\/2016\/07\/Phoenix-logo.jpg 1000w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p style=\"text-align: center;\"><strong>Phoenix Legal<\/strong><br \/>\nSecond Floor<br \/>\n254, Okhla Industrial<br \/>\nEstate Phase III<br \/>\nNew Delhi \u2013 110 020<br \/>\nIndia<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\">Vaswani Mansion, 3\/F<br \/>\n120 Dinshaw Vachha Road, Churchgate<br \/>\nMumbai \u2013 400 020<br \/>\nIndia<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\">Contact details<br \/>\nTel +91 11 4983 0000 \/ +91 22 4340 8500<br \/>\nFax: +91 11 4983 0099 \/ +91 22 4340 8501<br \/>\nEmail: delhi@phoenixlegal.in<br \/>\nmumbai@phoenixlegal.in<\/p>\n<p>&nbsp;<\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>\u30a4\u30f3\u30c9\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\uff08SEBI\uff09\u306f\u6700\u8fd1\u3001\u4e0a\u5834\u767a\u884c\u50b5\u5238\u306e\u6295\u8cc7\u5bb6\u3092\u4fdd\u8b77\u3059\u308b\u305f\u3081\u306e\u4e00\u9023\u306e\u5909\u66f4\u3092\u5c0e\u5165\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u5909\u66f4\u306e\u524d\u5146\u306f\u3001\u898f\u5236\u8cc7\u672c\u3092\u76ee\u7684\u3068\u3057\u305f\u9280\u884c\u306b\u3088\u308b\u4e0a\u5834\u975e\u8ee2\u63db\u512a\u5148\u682a\u5f0f\u306e\u767a\u884c\u306b\u95a2\u3059\u308b\u898f\u5236\u306e\u308f\u305a\u304b\u306a\u4fee\u6b63\u3067\u3057\u305f\u3002\u3053\u308c\u3089\u306e<\/p>\n","protected":false},"author":18,"featured_media":204272,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","meta-author":"Sawant Singh \u2022 Aditya Bhargava\/Phoenix Legal"},"categories":[8404,8530],"tags":[52145,52146,52144,40160,52147,89770],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.7 (Yoast SEO v17.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"description\" content=\"\u30a4\u30f3\u30c9\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\uff08SEBI\uff09\u306f\u6700\u8fd1\u3001\u4e0a\u5834\u767a\u884c\u50b5\u5238\u306e\u6295\u8cc7\u5bb6\u3092\u4fdd\u8b77\u3059\u308b\u305f\u3081\u306e\u4e00\u9023\u306e\u5909\u66f4\u3092\u5c0e\u5165\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u5909\u66f4\u306e\u524d\u5146\u306f\u3001\u898f\u5236\u8cc7\u672c\u3092\u76ee\u7684\u3068\u3057\u305f\u9280\u884c\u306b\u3088\u308b\u4e0a\u5834\u975e\u8ee2\u63db\u512a\u5148\u682a\u5f0f\u306e\u767a\u884c\u306b\u95a2\u3059\u308b\u898f\u5236\u306e\u308f\u305a\u304b\u306a\u4fee\u6b63\u3067\u3057\u305f\u3002\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u6700\u8fd1\u306e\u5909\u66f4\u306b\u95a2\u3059\u308bSEBI\u306e\u5384\u4ecb\u306a2\u30b9\u30c6\u30c3\u30d7\" \/>\n<meta property=\"og:description\" content=\"\u30a4\u30f3\u30c9\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\uff08SEBI\uff09\u306f\u6700\u8fd1\u3001\u4e0a\u5834\u767a\u884c\u50b5\u5238\u306e\u6295\u8cc7\u5bb6\u3092\u4fdd\u8b77\u3059\u308b\u305f\u3081\u306e\u4e00\u9023\u306e\u5909\u66f4\u3092\u5c0e\u5165\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u5909\u66f4\u306e\u524d\u5146\u306f\u3001\u898f\u5236\u8cc7\u672c\u3092\u76ee\u7684\u3068\u3057\u305f\u9280\u884c\u306b\u3088\u308b\u4e0a\u5834\u975e\u8ee2\u63db\u512a\u5148\u682a\u5f0f\u306e\u767a\u884c\u306b\u95a2\u3059\u308b\u898f\u5236\u306e\u308f\u305a\u304b\u306a\u4fee\u6b63\u3067\u3057\u305f\u3002\" \/>\n<meta property=\"og:url\" content=\"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/\" \/>\n<meta property=\"og:site_name\" content=\"Law.asia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AsiaBusinessLaw\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-07T05:14:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-19T03:27:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/law.asia\/wp-content\/uploads\/2020\/12\/Phoenix-Legal.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ablj_insights\" \/>\n<meta name=\"twitter:site\" content=\"@ablj_insights\" \/>\n<meta name=\"twitter:label1\" content=\"\u57f7\u7b46\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kient\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/law.asia\/ja\/#organization\",\"name\":\"Law.asia\",\"url\":\"https:\/\/law.asia\/ja\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/AsiaBusinessLaw\/\",\"https:\/\/www.instagram.com\/law.asia_\/?hl=en\",\"https:\/\/www.linkedin.com\/company\/asiabusinesslawjournal\/\",\"https:\/\/www.youtube.com\/@Law.asiaLimited\",\"https:\/\/twitter.com\/ablj_insights\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/law.asia\/ja\/#logo\",\"inLanguage\":\"ja\",\"url\":\"https:\/\/law.asia\/wp-content\/uploads\/2020\/10\/LAWDOTASIA-LOGO-152.png\",\"contentUrl\":\"https:\/\/law.asia\/wp-content\/uploads\/2020\/10\/LAWDOTASIA-LOGO-152.png\",\"width\":152,\"height\":152,\"caption\":\"Law.asia\"},\"image\":{\"@id\":\"https:\/\/law.asia\/ja\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/law.asia\/ja\/#website\",\"url\":\"https:\/\/law.asia\/ja\/\",\"name\":\"Law.asia\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/law.asia\/ja\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/law.asia\/ja\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"ja\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#primaryimage\",\"inLanguage\":\"ja\",\"url\":\"https:\/\/law.asia\/wp-content\/uploads\/2020\/12\/Phoenix-Legal.jpg\",\"contentUrl\":\"https:\/\/law.asia\/wp-content\/uploads\/2020\/12\/Phoenix-Legal.jpg\",\"width\":900,\"height\":576,\"caption\":\"Sawant Singh,Aditya Bhargava,Phoenix Legal\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#webpage\",\"url\":\"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/\",\"name\":\"\\u6700\\u8fd1\\u306e\\u5909\\u66f4\\u306b\\u95a2\\u3059\\u308bSEBI\\u306e\\u5384\\u4ecb\\u306a2\\u30b9\\u30c6\\u30c3\\u30d7 | Asia Business Law Journal\",\"isPartOf\":{\"@id\":\"https:\/\/law.asia\/ja\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#primaryimage\"},\"datePublished\":\"2021-01-07T05:14:21+00:00\",\"dateModified\":\"2025-03-19T03:27:24+00:00\",\"description\":\"\\u30a4\\u30f3\\u30c9\\u8a3c\\u5238\\u53d6\\u5f15\\u59d4\\u54e1\\u4f1a\\uff08SEBI\\uff09\\u306f\\u6700\\u8fd1\\u3001\\u4e0a\\u5834\\u767a\\u884c\\u50b5\\u5238\\u306e\\u6295\\u8cc7\\u5bb6\\u3092\\u4fdd\\u8b77\\u3059\\u308b\\u305f\\u3081\\u306e\\u4e00\\u9023\\u306e\\u5909\\u66f4\\u3092\\u5c0e\\u5165\\u3057\\u307e\\u3057\\u305f\\u3002\\u3053\\u308c\\u3089\\u306e\\u5909\\u66f4\\u306e\\u524d\\u5146\\u306f\\u3001\\u898f\\u5236\\u8cc7\\u672c\\u3092\\u76ee\\u7684\\u3068\\u3057\\u305f\\u9280\\u884c\\u306b\\u3088\\u308b\\u4e0a\\u5834\\u975e\\u8ee2\\u63db\\u512a\\u5148\\u682a\\u5f0f\\u306e\\u767a\\u884c\\u306b\\u95a2\\u3059\\u308b\\u898f\\u5236\\u306e\\u308f\\u305a\\u304b\\u306a\\u4fee\\u6b63\\u3067\\u3057\\u305f\\u3002\",\"breadcrumb\":{\"@id\":\"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#breadcrumb\"},\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#webpage\"},\"author\":{\"@id\":\"https:\/\/law.asia\/ja\/#\/schema\/person\/141af725dc05d2a2e18a5ddb9c4381b7\"},\"headline\":\"\\u6700\\u8fd1\\u306e\\u5909\\u66f4\\u306b\\u95a2\\u3059\\u308bSEBI\\u306e\\u5384\\u4ecb\\u306a2\\u30b9\\u30c6\\u30c3\\u30d7\",\"datePublished\":\"2021-01-07T05:14:21+00:00\",\"dateModified\":\"2025-03-19T03:27:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#webpage\"},\"wordCount\":83,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/law.asia\/ja\/#organization\"},\"image\":{\"@id\":\"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/law.asia\/wp-content\/uploads\/2020\/12\/Phoenix-Legal.jpg\",\"keywords\":[\"Aditya Bhargava\",\"Phoenix Legal\",\"Sawant Singh\",\"SEBI\",\"Sristi Yadav\",\"\\u30a4\\u30f3\\u30c9\\u8a3c\\u5238\\u53d6\\u5f15\\u59d4\\u54e1\\u4f1a\"],\"articleSection\":[\"Asia Business Law Journal\",\"\\u6cd5\\u52d9\\u30b3\\u30e9\\u30e0\"],\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#respond\"]}],\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/law.asia\/#organization\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/law.asia\/ja\/#\/schema\/person\/141af725dc05d2a2e18a5ddb9c4381b7\",\"name\":\"Kient\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/law.asia\/ja\/#personlogo\",\"inLanguage\":\"ja\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6defc3c0ff408cd5be618e1fb33ef2f8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6defc3c0ff408cd5be618e1fb33ef2f8?s=96&d=mm&r=g\",\"caption\":\"Kient\"},\"url\":\"https:\/\/law.asia\/ja\/author\/van_author5\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"description":"\u30a4\u30f3\u30c9\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\uff08SEBI\uff09\u306f\u6700\u8fd1\u3001\u4e0a\u5834\u767a\u884c\u50b5\u5238\u306e\u6295\u8cc7\u5bb6\u3092\u4fdd\u8b77\u3059\u308b\u305f\u3081\u306e\u4e00\u9023\u306e\u5909\u66f4\u3092\u5c0e\u5165\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u5909\u66f4\u306e\u524d\u5146\u306f\u3001\u898f\u5236\u8cc7\u672c\u3092\u76ee\u7684\u3068\u3057\u305f\u9280\u884c\u306b\u3088\u308b\u4e0a\u5834\u975e\u8ee2\u63db\u512a\u5148\u682a\u5f0f\u306e\u767a\u884c\u306b\u95a2\u3059\u308b\u898f\u5236\u306e\u308f\u305a\u304b\u306a\u4fee\u6b63\u3067\u3057\u305f\u3002","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/","og_locale":"ja_JP","og_type":"article","og_title":"\u6700\u8fd1\u306e\u5909\u66f4\u306b\u95a2\u3059\u308bSEBI\u306e\u5384\u4ecb\u306a2\u30b9\u30c6\u30c3\u30d7","og_description":"\u30a4\u30f3\u30c9\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\uff08SEBI\uff09\u306f\u6700\u8fd1\u3001\u4e0a\u5834\u767a\u884c\u50b5\u5238\u306e\u6295\u8cc7\u5bb6\u3092\u4fdd\u8b77\u3059\u308b\u305f\u3081\u306e\u4e00\u9023\u306e\u5909\u66f4\u3092\u5c0e\u5165\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u5909\u66f4\u306e\u524d\u5146\u306f\u3001\u898f\u5236\u8cc7\u672c\u3092\u76ee\u7684\u3068\u3057\u305f\u9280\u884c\u306b\u3088\u308b\u4e0a\u5834\u975e\u8ee2\u63db\u512a\u5148\u682a\u5f0f\u306e\u767a\u884c\u306b\u95a2\u3059\u308b\u898f\u5236\u306e\u308f\u305a\u304b\u306a\u4fee\u6b63\u3067\u3057\u305f\u3002","og_url":"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/","og_site_name":"Law.asia","article_publisher":"https:\/\/www.facebook.com\/AsiaBusinessLaw\/","article_published_time":"2021-01-07T05:14:21+00:00","article_modified_time":"2025-03-19T03:27:24+00:00","og_image":[{"width":900,"height":576,"url":"https:\/\/law.asia\/wp-content\/uploads\/2020\/12\/Phoenix-Legal.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_creator":"@ablj_insights","twitter_site":"@ablj_insights","twitter_misc":{"\u57f7\u7b46\u8005":"Kient"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/law.asia\/ja\/#organization","name":"Law.asia","url":"https:\/\/law.asia\/ja\/","sameAs":["https:\/\/www.facebook.com\/AsiaBusinessLaw\/","https:\/\/www.instagram.com\/law.asia_\/?hl=en","https:\/\/www.linkedin.com\/company\/asiabusinesslawjournal\/","https:\/\/www.youtube.com\/@Law.asiaLimited","https:\/\/twitter.com\/ablj_insights"],"logo":{"@type":"ImageObject","@id":"https:\/\/law.asia\/ja\/#logo","inLanguage":"ja","url":"https:\/\/law.asia\/wp-content\/uploads\/2020\/10\/LAWDOTASIA-LOGO-152.png","contentUrl":"https:\/\/law.asia\/wp-content\/uploads\/2020\/10\/LAWDOTASIA-LOGO-152.png","width":152,"height":152,"caption":"Law.asia"},"image":{"@id":"https:\/\/law.asia\/ja\/#logo"}},{"@type":"WebSite","@id":"https:\/\/law.asia\/ja\/#website","url":"https:\/\/law.asia\/ja\/","name":"Law.asia","description":"","publisher":{"@id":"https:\/\/law.asia\/ja\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/law.asia\/ja\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"ja"},{"@type":"ImageObject","@id":"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#primaryimage","inLanguage":"ja","url":"https:\/\/law.asia\/wp-content\/uploads\/2020\/12\/Phoenix-Legal.jpg","contentUrl":"https:\/\/law.asia\/wp-content\/uploads\/2020\/12\/Phoenix-Legal.jpg","width":900,"height":576,"caption":"Sawant Singh,Aditya Bhargava,Phoenix Legal"},{"@type":"WebPage","@id":"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#webpage","url":"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/","name":"\u6700\u8fd1\u306e\u5909\u66f4\u306b\u95a2\u3059\u308bSEBI\u306e\u5384\u4ecb\u306a2\u30b9\u30c6\u30c3\u30d7 | Asia Business Law Journal","isPartOf":{"@id":"https:\/\/law.asia\/ja\/#website"},"primaryImageOfPage":{"@id":"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#primaryimage"},"datePublished":"2021-01-07T05:14:21+00:00","dateModified":"2025-03-19T03:27:24+00:00","description":"\u30a4\u30f3\u30c9\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\uff08SEBI\uff09\u306f\u6700\u8fd1\u3001\u4e0a\u5834\u767a\u884c\u50b5\u5238\u306e\u6295\u8cc7\u5bb6\u3092\u4fdd\u8b77\u3059\u308b\u305f\u3081\u306e\u4e00\u9023\u306e\u5909\u66f4\u3092\u5c0e\u5165\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u5909\u66f4\u306e\u524d\u5146\u306f\u3001\u898f\u5236\u8cc7\u672c\u3092\u76ee\u7684\u3068\u3057\u305f\u9280\u884c\u306b\u3088\u308b\u4e0a\u5834\u975e\u8ee2\u63db\u512a\u5148\u682a\u5f0f\u306e\u767a\u884c\u306b\u95a2\u3059\u308b\u898f\u5236\u306e\u308f\u305a\u304b\u306a\u4fee\u6b63\u3067\u3057\u305f\u3002","breadcrumb":{"@id":"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#breadcrumb"},"inLanguage":"ja","potentialAction":[{"@type":"ReadAction","target":["https:\/\/law.asia\/ja\/sebis-awkward-two-step\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home"}]},{"@type":"Article","@id":"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#article","isPartOf":{"@id":"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#webpage"},"author":{"@id":"https:\/\/law.asia\/ja\/#\/schema\/person\/141af725dc05d2a2e18a5ddb9c4381b7"},"headline":"\u6700\u8fd1\u306e\u5909\u66f4\u306b\u95a2\u3059\u308bSEBI\u306e\u5384\u4ecb\u306a2\u30b9\u30c6\u30c3\u30d7","datePublished":"2021-01-07T05:14:21+00:00","dateModified":"2025-03-19T03:27:24+00:00","mainEntityOfPage":{"@id":"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#webpage"},"wordCount":83,"commentCount":0,"publisher":{"@id":"https:\/\/law.asia\/ja\/#organization"},"image":{"@id":"https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#primaryimage"},"thumbnailUrl":"https:\/\/law.asia\/wp-content\/uploads\/2020\/12\/Phoenix-Legal.jpg","keywords":["Aditya Bhargava","Phoenix Legal","Sawant Singh","SEBI","Sristi Yadav","\u30a4\u30f3\u30c9\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a"],"articleSection":["Asia Business Law Journal","\u6cd5\u52d9\u30b3\u30e9\u30e0"],"inLanguage":"ja","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/law.asia\/ja\/sebis-awkward-two-step\/#respond"]}],"copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/law.asia\/#organization"}},{"@type":"Person","@id":"https:\/\/law.asia\/ja\/#\/schema\/person\/141af725dc05d2a2e18a5ddb9c4381b7","name":"Kient","image":{"@type":"ImageObject","@id":"https:\/\/law.asia\/ja\/#personlogo","inLanguage":"ja","url":"https:\/\/secure.gravatar.com\/avatar\/6defc3c0ff408cd5be618e1fb33ef2f8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6defc3c0ff408cd5be618e1fb33ef2f8?s=96&d=mm&r=g","caption":"Kient"},"url":"https:\/\/law.asia\/ja\/author\/van_author5\/"}]}},"_links":{"self":[{"href":"https:\/\/law.asia\/ja\/wp-json\/wp\/v2\/posts\/210993"}],"collection":[{"href":"https:\/\/law.asia\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/law.asia\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/law.asia\/ja\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/law.asia\/ja\/wp-json\/wp\/v2\/comments?post=210993"}],"version-history":[{"count":1,"href":"https:\/\/law.asia\/ja\/wp-json\/wp\/v2\/posts\/210993\/revisions"}],"predecessor-version":[{"id":571964,"href":"https:\/\/law.asia\/ja\/wp-json\/wp\/v2\/posts\/210993\/revisions\/571964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/law.asia\/ja\/wp-json\/wp\/v2\/media\/204272"}],"wp:attachment":[{"href":"https:\/\/law.asia\/ja\/wp-json\/wp\/v2\/media?parent=210993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/law.asia\/ja\/wp-json\/wp\/v2\/categories?post=210993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/law.asia\/ja\/wp-json\/wp\/v2\/tags?post=210993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}