The board of directors will review the position of Vijay Mallya, under self-exile in Britain, at its next meeting on August 12.
This was at a meeting of the Financial Stability and Development Council, chaired by him. Chidambaram, set to resign on Friday to make way for his successor, called upon the regulators and the ministry to be ready and take necessary action.
While the basic premise and spirit of the Code will remain the same, the commas and the full-stops in the draft report being prepared by a high-level committee will make interpretation of the law simpler
The Sebi chief said that although the idea of an SRO has been challenged in court, he is hopeful of its implementation.
Prices moved up sharply in recent months.
They now believe their money will be repaid after completion of the tenure of the instruments they have invested in, says Anup Roy.
Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.
'Why are FMPs used as a vehicle for promoter funding against listed shares?' asks Debashis Basu.
The US has been widely criticised for using pressure tactics to secure information from other countries, without reciprocity.
The ruling was made by the Securities Appellate Tribunal, an independent quasi-judicial body that rules on appeals against orders passed by the Sebi.
Women from promoter families who have become directors since January this year include Sarala Birla (Century Textiles, Century Enka), Nawaz Gautam Singhania (Raymond Group), Bina Modi (Godfrey Phillips), Saroj Bhartia (Jindal Drilling & Industries) and Deepshikha Khaitan (Cera Sanitaryware).
'I am certainly not an employee of Sebi.'
We remain at the mercy of the global economic climate.
Diageo-USL integration pushed by at least two months; Firm likely to rework agreements and seek approval again
Vanita Kohli-Khandekar reports on the ongoing battle for the top spot between publishers S Chand and Navneet.
Concerns over effective control not addressed in the second revised shareholders' agreement, says DIPP; Sebi opposes commercial cooperation pact
Case relates to alleged irregularities in '08 sanction to MCX-SX; Shah grilled in NSEL case.
Brijmohan Lall Munjal, 92, who recently became chairman emeritus of Hero MotoCorp, single-handedly rewrote the rules of the motorcycle business
Subrata Roy is in jail since March last year.
Business reacted with caution to the reforms of 1991, and demanded protection from multinationals and imports. Twenty-five years later, traces of that demand can still be found, reports Bhupesh Bhandari.
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