The latest in this class is the complaint of insider trading filed by the United States Securities Exchange Commission against many individuals in a Manhattan court. The list of individuals includes Anil Kumar, a member of the much-feted Indian School of Business and reputed hedge fund manager Raj Rajaratnam.
Affluent politicians in India are obviously upset with what the affluent corporate Indian is permitted to legitimately take home as a pay package.
One can only hope the euphoria and sycophancy attendant with such electoral triumph does not blind the Singh government into believing its own electoral sales pitch
One is really left wondering how India can ever claim to fare better than the United States and the United Kingdom in this space.
Rules of conducting businesses likely to be impacted.
The Securities Appellate Tribunal has ruled that the Securities and Exchange Board of India was wrong in insisting that foreign institutional investors should furnish an undertaking that they have not issued P-Notes to certain select types of persons. A quick look at the law regulating FIIs would be useful. FIIs are persons resident outside India who, once registered with Sebi, enjoy a right to freely buy and sell securities on Indian stock exchanges.
While a lot of risk-factor writing has become a template activity, one is often tempted to reconsider if the depiction of Indian circumstances ought to change. After all, India has never seen such near-pristine times in its world standing. However, a reality check would be in order. And our polity never fails to provide such reality checks.
Under the Indian company law, companies can issue only two types of shares - equity shares and preference shares.
In a circular issued recently, the RBI has directed all banks that have issued GDRs or ADRs to take prior consent of the RBI before amending any agreement
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances