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In July 2014, the regulator passed an order against various entities, including the three officials, in the nearly Rs 9,000 crore Satyam scam.
With Sebi now giving the relaxation, it ends uncertainty surrounding the bank, which had come under the banking regulator’s scanner.
According to Sebi, Kotecha, who was a major shareholder of the firm and had sufficient stake to direct the management, failed in his duty as a director.
The pending dues include fine imposed along with interest, charges, expenses and other costs, Sebi said.
In two separate orders issued on Friday, Sebi imposed fine of Rs 15 lakh on Regency Hospital, and Rs 25 lakh each on Managing Director Atul Kapoor and Whole Time Director Rashmi Kapoor.
The clarification follows Sebi seeking details from mutual funds about their exposure to all NBFCs and housing finance companies, amid concerns over liquidity in the system, according to sources.
The report is based on the WageIndicator dataset covering the period of three years, from January 2015 to December 2017, of 20,994 respondents.
While both asset management companies and stock trading companies are busy luring the investors, there is a need to decode what it means for the retail investors of various mutual fund schemes.
The regulators came out with separate but identical statements amid apprehensions about steep volatility in markets on Monday.
If they can get bonds for even 0.5 per cent lower than the interest rate we fixed, we are open to have the Opposition leaders themselves as the arrangers.
The Sebi last December, announced that from October 2018, the country would have a unified exchange regime wherein stock exchanges would be allowed to offer trading in commodities derivatives.
Sebi plans to extend disclosure requirements related to sexual harassment of women to all listed companies
In the annual reports, listed companies will have to disclose about complaints filed during the financial year, number of complaints disposed of and number of complaints pending.
It can be noted that on May 4, 2018, Sebi had allowed both BSE and the NSE to extend their equity trading timings to 1700 hrs from the present 1530 hrs from October 1 this year.
Currently, the regulator has powers to seek call data records as part of its probes, but the committee is of the view that the regulator needs more powers to assist in its regulatory responsibilities.
Sebi added ICICI sought consent mechanism, which allows wrongdoers to settle pending matters without accepting or denying guilt.