The Sahara India case has long been a focal point in India’s financial landscape, marking a complex legal saga that traversed regulatory, judicial, and public spheres. Now, against the backdrop of a new circular issued by the Securities and Exchange Board of India (SEBI), the ramifications of this landmark case are being revisited, offering insights … Continue reading “Sahara India Case in Light of New SEBI Circular: A Paradigm Shift in Market Regulation”
SEBI ordered Kalpbut Real Estate to refund the illegally raised Rs 15 crore back to investors along with 15 per cent interest annually on the refund amount.
Under section 14 of the code, the moratorium order is passed. Accordingly till the time moratorium period exists no other action or suit or case or proceedings against the corporate debtor can take place.
The regulator is planning to come out with a discussion paper on compliance with SEBI standards by listed companies undergoing insolvency resolution process.
The Securities and Exchange Board of India (SEBI) has framed a plan for listed organizations to reveal loan defaults to inventory exchanges as soon as they arise, reviews the Economic Times. Sources told the paper that the thought can be provided to the board of the markets regulator on December 28 and stated that SEBI … Continue reading “Loan default disclosure: SEBI set to restore shelved inspiration”
The Securities and Exchange Board of India (SEBI) has notified 2nd amendment in Issue and Listing of Debt Securities (ILD) which shall come
Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) planning to expand business outside the Securities and Exchange Board of India (SEBI’s) purview. The exchanges are seeking approval for the same. The proposal has been sent to the SEBI committee, headed by former Reserve Bank of India Deputy Governor. The approval could concrete way for … Continue reading “BSE, NSE Plan to grow Business outside SEBI’s Domain”
Securities and Exchange Board of India (SEBI) penalized singleton of Rs. 30 Lakh for violating AIF norms pertaining to alternative investment fund. The sponsor’s initial contribution before June 29, 2015 was Rs 5 crore in India Growth Opportunities Fund (IGOF), however, after June 30, 2015, it was reduced to Rs 3.13 crore. Since, the money … Continue reading “SEBI penalized 2 singleton for violating the AIF norms”
The Securities and Exchange Board of India (SEBI) has formed a sub-committee under the Secondary Market and Advisory Committee (SMAC) to look into the matter where in companies are complaining that they have been inexact classified as shell companies because of technical errors. Earlier, when Ministry of Corporate Affairs (MCA) disqualified in September, at least … Continue reading “SEBI to look into firms inexact classified as shell companies”
Securities and Exchange Board of India (SEBI) is working on the guidelines for insolvency resolution professionals under the capital market norms so the recently introduced Bankruptcy & Insolvency Code is implemented better. The new guidelines will be issued this year. Source: Times of India
Securities and Exchange Board of India (SEBI) has banned 10 individuals as they were sending out fake Short Message Service (SMS) in bulk recommending people to purchase the shares of the company to pump up trading volumes in the shares of Supreme Tex Mart Ltd (STML). According to SEBI, the SMS was sent to innocent … Continue reading “10 Individuals banned by SEBI for Fraudulent Trade”
A new committee was constituted by Securities and Exchange Board of India (SEBI) to work on Corporate Governance in June 2017. This committee formed under the Chairmanship of Mr. Uday Kotak in order to strengthen the guidelines of Corporate Governance of listed entities in India. The committee formed comprises of officials from the government, industry, … Continue reading “SEBI to Work on Corporate Governance with the help of Committee”
Alternative Investment Fund that raises stores from angel investors and puts resources into an agreement with the arrangements of Chapter III.
SEBI proposed a Consultative Paper titled ‘Corporate Governance Issues in Compensation Agreements’ to review the disclosure requirements under SEBI (LODR) Regulations, 2015. The Paper has proposed curbs on compensation agreements between promoters of a listed entity and private equity (PE) funds. One view is that there is no place at all for such side agreements in case of … Continue reading “SEBI proposed a Consultative Paper titled ‘Corporate Governance Issues in Compensation Agreements’”
Section 186 of Companies Act 2013 imposes restrictions on loans and investments that can by made by a company. The main aim of the provision is to ensure responsible financial management, prevent misuse of funds, and protect the interests of shareholders and creditors of the company. Section 186(1) states that a company can make investments … Continue reading “Regulation and Restriction on Loan and Investment by Company under Section 186 of Companies Act 2013”
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