After initiating stern action against 331 companies, the market regulator seems willing to revoke its stringent restrictions for some entities.
The clarifications came directly from the board of directors.
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
Parliament on Tuesday cleared a Bill to remove legal hurdles that were coming in the way of appointing former Telecom Regulatory Authority of India chief Nripendra Misra as principal secretary to the prime minister amid strong opposition by Congress.
Startup may get some relation from Sebi for listing firms.
New insider trading norms will help to nab market manipulators
The Union home ministry has issued strict guidelines for the enforcement of the 21-day complete nationwide lockdown in the wake of the covid-19 pandemic, invoking the National Disaster Management Act which may result in imprisonment of up to two years for any violation. All government offices, the offices of state and Union territory governments, autonomous institutions, public corporations, commercial, private, industrial establishments shall remain closed, the guidelines issued by the ministry said.
The RBI panel has also recommended a government-sponsored 'fund of funds' of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector.
Relief would only be for unlisted companies; listed ones already have to prepare statements once a year.
Sebi's independence and credibility is important to keep our financial markets attractive for global investors, which in turn is critical to drive economic growth.
Reliance Petroinvestments, a subsidiary of Mukesh Ambani-led Reliance Industries Ltd (RIL), has approached the Securities Appellate Tribunal against the capital markets regulator, which imposed a Rs 11-crore (Rs 110 million) penalty on the company in the Indian Petrochemicals Corp Ltd (IPCL) insider trading case.
Stakeholders' Empowerment Services (SES) has advised Diageo to renege on its deal with United Spirits (USL) chairman Vijay Mallya.
Karvy Computershare Pvt Ltd engaged in fraudulent activities with respect to certain initial public offerings in 2005, market regulator Sebi said.
An investor would pay much less when he invests through a registered investment advisor than a distributor.
DEA officials to push for this at a meeting with FM Jaitley.
The court directed Raju, the prime accused in Satyam scam, and others to furnish personal bond of Rs 20,000 each and sureties of the like amount on or before December 22 and posted the matter to the same date.
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
Non-uniform definition of control makes foreign investors wary, raise corporate governance issues.
A criminal case has been registered against the group by the agency in connection with non-payment of crores of rupees to depositors after it got some fresh reports in this regard from the Sebi.
The proposal will now be considered by the Cabinet Committee on Economic Affairs.
The capital markets watchdog has asked the government to empower it to carry out search and seizure operations, to attach properties and to ask for information and records for all relevant entities.
This is being done keeping in mind the urgency of these transactions, and it would help the ongoing insolvency cases, including the 12 accounts referred by RBI to banks.
The Central Bureau of Investigation (CBI) will soon quiz Securities and Exchange Board of India (SEBI) Chairman U K Sinha as well as former head of the regulatory body M Damodaran in connection with a Preliminary Enquiry (PE) to probe granting sanction to Jignesh Shah-founded Financial Technologies (India) and MCX-SX.
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Lawyers say open offer must for twin stake purchase to meet Sebi rules.
The number of cases being admitted and investigated by the Competition Commission of India has fallen drastically in recent years.
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Firms with low promoter holding may get to buy shares from secondary market.
With more firms now offering stock options to their chief executives, the salaries of these managers are sky-rocketing.
Debashis Basu lists various reasons why laundering through the stock market thrives.
The point to note is that since the new rebate is up to a taxable income of Rs 5 lakh, if anyone earns even little more (say, even Rs 100 more) than this amount, he would have to pay all the taxes, according to the existing slabs.
The threshold for identification of BOs of FPIs on controlling ownership interest is 25 per cent in case of companies and 15 per cent in case of partnership firms
The new norms also seek to ensure that sufficient safeguards are put in place to avoid any misuse of its new powers and the required privacy of individuals is granted while conducting search and seizure operations.
Etihad has purchased 24 per cent stake in Jet Airways in a deal worth about Rs 2,060 crore deal which was announced in April 2013.
Sebi, however, allowed wilful defaulters to make counter-offers to avoid hostile takeovers
To ensure transparency, the Third Eye Cinema Fund has roped in various agencies as auditors and advisors.
Capital gains tax is no longer exempt even for investors coming via Mauritius, hence FPIs are now classifying it as interest income to save on taxes.
Few top honchos of India Inc did very well in 2014.
'A separate 'Investigation Agency (Other Offences)' or IA(OO), can be created under the state governments, with the expertise and resources required for investigating non-violent offences,' recommends Alok Tiwari, a Cabinet Secretariat officer.
In its efforts to make listed firms more responsible towards investors, Sebi may announce new insider trading norms as early as next week.
The chairman's post will soon fall vacant, but that's not the only one that needs to be filled.
The government has not done its homework or made any attempt to forge a consensus on this matter that affects millions of people in the organised sector, says Harsh Roongta.
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