- Tag results for Sebi
The firm was to register a prospectus with the Registrar of Companies (RoC), which it failed to do.
The last date has been extended after taking into consideration, representations from various quarters, the Securities and Exchange Board of India (Sebi) said in a circular.
Auditing lapses have caused several frauds to go unnoticed for years and the capital market regulator has had no direct control on the auditing firms.
The proposed changes come months after Punjab National Bank, stunned markets after uncovering a $2 billion loan fraud that had gone undetected for years.
It may be noted that the government too has asked SEBI to consider mandating large corporates to meet one-fourth of their financing needs through bond markets.
It found that Axis Trustee failed to appoint nominee directors for debt issues of three companies --- Jaiprakash Associates, Essar Power and Amtek Auto.
According to the markets watchdog, the Alternative Investment Policy Advisory Committee will now be chaired by Infosys Technologies co-founder N R Narayana Murthy.
The commodity exchange previously known as Chamber of Commerce was granted recognition for a period of five years from March 2013 to February 2018 for futures trading in mustard seeds.
The fund house, which had filed its preliminary papers with Sebi in March, had received the regulator's go-ahead to float an initial public offering (IPO) on June 22.
Prior to this assignment, Mohanty served as Executive Director at Securities and Exchange Board of India (Sebi) from September 2015.
Last month, SEBI initiated adjudication proceedings against the bank and its MD & CEO Chanda Kochhar in the controversial case of loans given to Videocon Group.
The reduction in cooling off period will also bring the condition applicable for Sebi employees in line with the RBI and the central government.
The Mumbai-based company plans to utilise the net proceeds towards funding capital expenditure for setting up of new dry warehouses and cold storages and repayment/prepayment of certain borrowings.
The bank will also be opening representative offices in London and Singapore as per recent approval from the Reserve Bank of India.
NSDL AND CDSL have submitted notices against 12 companies that have raised a red flag and have crossed the FDI limit.