You are browsing entries filed in “ Corporate Governance ”

Sebi to Make Corporate Governance Norms in Listing Pacts into Regulations

NEW DELHI: To ensure stricter compliance, capital market regulator Sebi will soon make clauses related to corporate governance in listing agreements into regulations. Currently, clause 49 — pertaining to corporate governance — in listing agreements between companies and stock exchanges is monitored by the bourses. Once this clause is made into regulations, it would come [...]

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Conference on Ethics and Corporate Governance

INDIACSR News Network NEW DELHI: To create awareness and understand the importance of Ethics in Governance, the Institute of Company Secretaries of India (ICSI), in collaboration with National Institute of Securities Markets (NISM), in its series of conferences on the subject, organized a Conference on the theme ‘Ethics and Governance’ at Mumbai on 27-September. Shri [...]

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An Early Warning System (EWS) to Identify and Prevent Potential Corporate Frauds

An Early Warning System (EWS) to Identify and Prevent Potential Corporate Frauds

  INDIACSR News Network To identify and prevent potential corporate frauds, the Ministry of Corporate Affairs is in the process of developing an early warning system (EWS). A Committee of technical experts has recommended a framework for developing such system. The recommended framework is under consideration of the Ministry and it is proposed to pilot [...]

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Cases of Fraud and Cheating by the Chit Fund Companies

  INDIACSR News Network NEW DELHI: ‘Chit Fund’ companies indulging in cheating of investors are to be proceeded against under the Chit Funds Act 1982 and the Prize Chits & Money Circulation Schemes (Banning) Act, 1978 under which investigations are to be carried out by the State Police authorities. Giving this information in written reply [...]

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Investigations by the Serious Fraud Investigation Office

INDIACSR News Network NEW DELHI: The Serious Fraud Investigation Office (SFIO), which is a multi-disciplinary organization under the Ministry of Corporate Affairs, has investigated 55 cases of serious fraud during the last 3 years i.e. 2010-11. 2011-12 and 2012-13. Giving this information in written reply to a question in the Lok Sabha, Shri Sachin Pilot, [...]

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Sebi Urges SC to Award Maximum Punishment to Sahara Group Directors

Sebi Urges SC to Award Maximum Punishment to Sahara Group Directors

NEW DELHI: The Securities and Exchange Board of India (Sebi) on Tuesday, August 6, 2013 urged the Supreme Court to award maximum punishment to Sahara India’s head Subrata Roy and three other directors of its companies for contempt of court by not complying with its order. The market regulator had moved the court seeking action [...]

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Subrata Roy Not Liable for Refunding Rs 24,000 Crore: Sahara to Supreme Court

Subrata Roy Not Liable for Refunding Rs 24,000 Crore: Sahara to Supreme Court

NEW DELHI: Sahara group has argued in the Supreme Court that contempt proceedings should not be initiated against its promoter Subrata Roy and directors for its failure to pay back about Rs 24,000 crore to investors through market regulator Sebi. The group’s lead counsel Ram Jethmalani on Tuesday , August 6, 2013 argued that civil [...]

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Yes Bank Shares Fall Over 17% on Corporate Governance Concerns

Yes Bank Shares Fall Over 17% on Corporate Governance Concerns

Yes Bank is the most-traded stock on both BSE and NSE today Madhu Kapur along with Rana Kapoor, had raised corporate governance issues in an affidavit filed in the Bombay HC on Monday in the case over the rejection of her daughter Shagun Gogia’s nomination as a director. Mumbai: Live Mint reported that, shares in [...]

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YES Bank Hits 52-Week Low on Corporate Governance Issue

YES Bank Hits 52-Week Low on Corporate Governance Issue

Promoters relative Madhu Kapur raised corporate governance issues at bank in an affidavit filed in the Bombay high court, report. YES Bank has tanked over 14% to Rs 299, also its 52-week low on BSE, on PTI reports that the Reserve Bank of India (RBI) said that it is seized of the ongoing boardroom battle [...]

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Enforcement is Key to Better Corporate Governance, eE-SEBI Chief Damodaran Says

Enforcement is Key to Better Corporate Governance, eE-SEBI Chief Damodaran Says

Subscribe Monthly Magazine ‘CSR & Competitiveness’ KOLKATA : It has reported that Former SEBI Chairman M. Damodaran said on Friday that improvement in enforcement, and not additions to regulations, could put the country’s corporate governance on a better footing. Speaking at the 14th National Conference of the Institute of Company Secretaries of India (ICSI) here [...]

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