The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
The department of economic affairs is said to be in discussions with various probe agencies, including the income tax department and the Enforcement Directorate, and bankers in drafting the final rules.
Bourses ask for okay in the 'permitted to trade' category; brokers and legal experts speak in favour.
Legal hurdle cited in I-T action against 32,000 entities.
Over 4 mn bank accounts could be dormant, suspects tax department.
The move to allow payments through digital wallets could give a fillip to distribution and reach for these investment vehicles, say experts.
Market regulator also announces measures for mutual funds sector.
A key demand is to reduce the dividend distribution tax on listed firms.
IT Department asks car dealers to furnish ledgers of all customers who have booked vehicles from November 1.
The CBI and ED are keeping a close eye on several bank accounts.
Money changers operating behind the RBI HQ in Mumbai said they would charge a 15% fee to convert Rs 1 crore.
The department will impose a penalty, which could be between 30 per cent and 120 per cent.
Regulator probing jewellery houses for violation of collective investment scheme rules, says Shrimi Choudhary.
Top corporates have paid more advance tax in second quarter this year.
The assets are estimated to be worth over Rs 6,000 crore.
The final list of bidders would be finalised only after the interested firms pay the earnest money deposit on June 30.
Huge margins, high custom duty and increasing demand among youngsters have led to exponential increase in smuggling of foreign cigarettes.
Sebi on April 4 gave the brokerages 60 days to have their books vetted by third-party auditors.
The enforcement agency had received queries from the Interpol to this effect in May last week.
Probe agency to set up special software to probe money trail in the case.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances