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,
New Delhi : Markets regulator Sebi is likely to consider a proposal to introduce a common application form for foreign investors to enter into the domestic capital market, a move expected to improve ease of doing business, senior officials said.
New Delhi : In a bid to bolster its evidence-gathering mechanism, market regulator Sebi is considering seeking powers from the government to intercept calls and electronic communications of those suspected of serious economic offences like insider trading.
Mumbai : Market regulator Sebi on Tuesday called for bigger, cleaner and safer markets and enhancing the overall governance standards in the market for issuers, intermediaries or market infrastructure providers.
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 Asset Manager’s Roundtable of India, a forum for foreign portfolio investors, on Monday warned of outflows of $75 billion from Indian capital markets if the market regulator fails to rollback its latest circular on beneficial ownership of FPI funds.
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.
New Delhi : Markets regulator Sebi is looking to stipulate a framework for timely and detailed disclosures of loan defaults by listed entities to enhance transparency.
New Delhi : To strengthen the supervision of stock brokers, markets regulator Sebi is mulling additional measures to prevent misuse of client’s securities. Besides, the regulator plans to initiate technology-based measures to streamline the sharing of information among the stock exchanges, depositories and Sebi to enhance the inspection of intermediaries.
New Delhi: As many as 1,677 entities, including individuals, failed to pay penalties imposed by Sebi till the end of May, according to the regulator.
New Delhi: As many as 1,677 entities, including individuals, failed to pay penalties imposed by Sebi till the end of May, according to the regulator. The list of defaulters as on May 31, 2018 “for non-payment of penalty imposed by Sebi through orders passed up to December 31, 2017” has been published on the regulator’s website today.
New Delhi : The Sebi has completed its investigation against the NSE and OPG Securities in the co-location matter and has initiated enforcement proceedings against them, Parliament was informed.
Mumbai : The Securities and Exchange Board of India plans to put in place measures to curb insider trading and misuse of unpublished price-sensitive information through timely announcements by listed companies, the regulator said in its annual report for 2017-18.
Mumbai : A series of technical glitches in the Multi Commodity of Exchange of India’s (MCX) trading system in the last two months is likely to lead to a “detailed investigation” by the regulator, owing to concern on whether the exchange is technologically capable of handling heavy order inflows ahead of opening the market to new products and new players.
State-run insurer gets board okay to buy 51% stake in debt-laden lender
New Delhi : Electrosteel Steels, which is undergoing insolvency resolution process, on Friday said the NSE has imposed a penalty of over Rs 1 crore on the company for non-compliance of filing its financial results for the quarter and year ended on March 31, 2018, within the required time.
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