The capital market regulator, in a statement, said flexibility will be provided for fundraising by NPOs through the social stock exchange.
Says co insiders may need to trade for purposes like creeping acquisitions, compliance etc
Mutual funds will enable us to go deeper and wider, bringing our investment products to the full spectrum of investors, Sarath Reddy, founder of Unifi Capital, said in a release.
The move, aimed at simplifying the rule, will come into force with immediate effect, capital market regulator Sebi said in a circular.
When asked as to why only a small amount of refunds have been made so far, Buch said their actions are dependent on the directions of the SC-appointed committee.
After a long process of appeals and cross-appeals, the Supreme Court on August 31, 2012,
Cooperation Minister Amit Shah launched the 'CRCS-Sahara Refund Portal' in July to facilitate the return of the money to investors. Around 18 lakh depositors have been registered on the portal.
SAT order paves way for Goenka becoming managing director of Zee-Sony merged entity
ESAF's IPO includes a fresh issue up to Rs 486.74 crore and an offer for sale of up to Rs 142.30 crore by promoters and other selling shareholders.
The appellate tribunal said that “the impugned order passed by the WTM (Whole Time Member) against Prannoy Roy and Radhika Roy cannot be sustained”.
The orders came after the regulator observed large-scale reversal trades in the illiquid stock options segment on the BSE, leading to artificial volumes on the exchange.
Congress leader Jairam Ramesh also raised doubts about SEBI's credibility, asking why the body has failed to inspire confidence as a fair regulator of capital markets in the country.
SEBI suppressed important facts and 'slept over' DRI info on stock manipulation by Adani: Petitioner tells SC
The apex court is seized of four PILs on the Adani-Hindenburg controversy including those by lawyers M L Sharma and Vishal Tiwari, Congress leader Jaya Thakur and law student Anamika Jaiswal.
It rejected these reports in their entirety and said that these attempts are aimed at, inter alia, generating profits by driving down these stock prices.
SAT also noted that it is not satisfied with the amount of time taken by Sebi for investigation.
The PM's pet agencies are investigating entities that shorted Adani shares in January 2023 rather than the far more serious charges of money laundering and round-tripping, the Congress alleged.
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It was further revealed that more than Rs 300 crore advanced as loans to subsidiaries were partly siphoned off or remained unaccounted.
Congress general secretary Jairam Ramesh said the Securities and Exchange Board of India (SEBI) has admitted this in its status report to the Supreme Court...
Without divulging the outcome of its investigations, SEBI gave a detailed breakdown of the steps taken by it during its probe, including related party transactions.