New Delhi : Markets regulator Sebi on Friday ordered a forensic audit of steel maker Adhunik Industries, which figured among 331 ‘suspected shell companies’, on prima facie suspicion of misuse of the company’s books of accounts.
As an earlier article showed, the roots of the IL&FS financial crisis lie in its limited accountability. It was not under the full and continuous scrutiny of the Reserve Bank of India (RBI) as banks are. And it was not under the continuous rigorous scrutiny of Securities and Exchange Board of India (Sebi) either as listed companies and their managements generally are. Only the listed entities reported to Sebi. The parent’s books,
Mumbai : In a significant move, Sebi on Tuesday said it would soon come out with revised KYC norms for foreign investors and also allow overseas entities to trade in the commodity derivatives market.
New Delhi : Crisis-ridden infrastructure conglomerate IL&FS group, once hailed as a pioneer of public-private partnership, has come under the scanner of multiple regulators, including Sebi, for alleged defaults related to financial disclosures and corporate governance, officials said.
MUMBAI: The Sebi said fugitive economic offenders and companies promoted by them will not be allowed to access the capital market. Sebi said such offenders, and companies where they are promoters and directors, cannot raise capital through the market by means of public issues, rights issue, or open offer, among other means. The Parliament passed a bill that said a person may be declared a fugitive economic offender if an arrest warrant
NEW DELHI: Sebi has revised the regulations for share buyback to provide more clarity on the requirement to make public announcements.
New Delhi: Regulator Sebi’s board is likely to discuss next week a stricter framework for fiduciaries in the securities market, including auditors and valuers, according to a senior official. In July, the regulator issued a consultative paper on the proposed Sebi (Fiduciaries in the Securities Market) (Amendment) Regulations for public consultations. The proposal is likely to be taken up at Sebi’s board meeting next week, the official said. The amended norms would be applicable for
New Delhi: To bolster its evidence-gathering mechanism, watchdog Sebi is considering seeking powers from the government to intercept calls and electronic communications of those suspected of serious economic offences like insider trading. Acting on recommendations made by a high-powered committee on fair market conduct, the capital markets regulator has prepared a proposal for its board to seek these powers by making necessary amendments in the concerned laws and regulations, a senior official said.
Mumbai: Market regulator Sebi Tuesday called for bigger, cleaner and safer markets and enhancing the overall governance standards in the market for issuers, intermediaries or market infrastructure providers. It also said that call on the recommendations by fair market conduct committee to further strengthen the rules to deter financial crimes like frauds, market manipulations and insider trading, will be taken soon.
New Delhi: Capital markets regulator Sebi may soon summon ICICI Bank’s on-leave CEO Chanda Kochhar and her husband with regard to a probe into alleged regulatory lapses with regard to his business dealings, officials said Sunday.
Capital markets watchdog Sebi is planning to hire as many as 120 officers to beef up its resources for faster and more effective execution of regulatory work. Currently, the regulator has nearly 800 employees including deputation and contract. In a public notice, Sebi has invited applications for the post of officer Grade A (Assistant Manager) for streams like general, legal, information technology and engineering. It plans to recruit 84 officers in general
Mumbai : The Mumbai Registrar of Companies (RoC) on Thursday ordered a formal inspection of cash-strapped Jet Airways for the alleged siphoning of funds, according to officials familiar with the matter.
Mumbai : Cash-crunched Jet Airways on Tuesday said it has received an liquidity support of $300 million in the form of advance lease incentives and borrowings from domestic banks.
Mumbai : Cash-strapped Jet Airways, which on Monday reported a whopping Rs 1,323 crore of net losses for the June quarter due to higher fuel cost, falling rupee and low fares, said it will monetise loyalty programme JetPrivilege and wet-lease some of its small aircraft to mobilise urgent working capital.
Mumbai : Amid Jet Airways battling financial problems and coming under the regulatory scanner, an employees’ union of the airline has sought clarity from the management on the issues that have led to the current situation.
New Delhi : Eyeing a major technological leap in its surveillance and investigation functions, markets watchdog Sebi plans to build a private data storage cloud, automate its inspection of brokers and make greater use of data analytics.
New Delhi : The board of crisis-hit Jet Airways will consider cost reduction initiatives and turnaround plan along with June quarter results at its meeting on August 27, according to a regulatory filing.
New Delhi : Amid Jet Airways facing turbulent times, Civil Aviation Minister Suresh Prabhu has made it clear that private airlines have to deal with issues facing them on their own and the government’s role can only be at the policy level.
New Delhi: As many as seven entities have settled a probe by markets regulator Sebi into an alleged delay in making shareholding disclosure after paying over Rs 5 lakh towards settlement fee. These entities are — Moderate Leasing & Capital Services, A to Z Holdings, Longwell Investments, SBEC Systems (India) Ltd, Umesh Kumar Modi, Kumkum Modi and Jayesh Modi.
New Delhi : Regulator Sebi is planning to broaden the scope of cybersecurity initiatives for the market infrastructure institutions (MIIs) and look into the operational modalities of their implementation in order to deal with the cyber challenges.
- News Alerts! We welcome Supreme Court’s verdict on Aadhaar: Arun Jaitley
- NASA spots silent Opportunity rover on Mars
- Slow paced repair work on Mumbai-Goa national highway irks Bombay High Court
- Asia Cup 2018: Tie against India as good as a victory, says Afghanistan captain Asgar Afghan
- Not just Tanushree Dutta, these top Bollywood actresses also opened up on sexual harassment
AUTOMOBILES— Sep 24, 2018 03:02 pm Upcoming Cars New Hyundai Santro Launching On October 23: The AH2 hatchback, which will, in all probability,
AGONY AUNT— Sep 23, 2018 06:47 am Separation sorrows I am a mother of an 8-year-old child who is very well behaved and obedient. On the
Golden Goose sells these crumbly ‘Superstar’ sneakers for Rs 38,000; Twitterati can’t believe it, here’s their reaction— Sep 21, 2018 07:05 pm Internet is filled with many odd and weird things and sometimes weird things get famous, the same happened
WEB SPECIAL— Sep 24, 2018 08:57 am As Ganesh Chaturthi 2018 came to an end, devotees flocked to bid adieu bappa on the occasion of Anantha
PERSONAL FINANCE— Sep 24, 2018 12:10 pm The new India is a beacon of shining hope and the youngsters today are better equipped with technology
EDUCATION— Aug 30, 2018 04:54 pm The results of the AIBE which is All India Bar Examination (12) 2018 exam was declared on Wednesday.
TECHNOLOGY— Sep 26, 2018 11:19 am San Francisco: Twitter has announced to update its “hateful conduct” policy to include content
HOROSCOPE— Sep 26, 2018 07:57 am Want to know what’s in store today for you? Read our Daily Horoscope by Nilikash P. Pradhan, and find
NaMo RaGa Toons: 5 reasons why Narendra Modi and Rahul Gandhi are the Tom and Jerry of Indian Politics— Jun 19, 2018 04:14 pm Today is Congress President Rahul Gandhi’s 48th birthday. On this occasion, his nemesis Indian Prime