You are browsing entries filed in “ Corporate Governance ”

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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YES Bank: Selective Use of Regulations?

By Asish K Bhattacharyya Madhu Kapur, widow of Ashok Kapur, a co-promoter of YES Bank, had sought a representation in the board of the company and nominated her daughter Shagun Gogia for representing her. At present Madhu Kapur has 12 per cent stake in the bank and Rana Kapoor, CEO and MD, who is also [...]

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INDIACSR Group Launches Monthly Magazine ‘CSR & Competitiveness’

INDIACSR Group Launches Monthly Magazine ‘CSR & Competitiveness’

INDIACSR News Network NEW DELHI : INDIACSR Group (India’s largest news website on Corporate Sustainability & Responsibility-CSR) proudly announces the launch of its magazine “CSR & Competitiveness”; to provide a knowledge interface between business and society. The launching ceremony was organized on 11 July 2013 at Asia Pacific Institute of Management, New Delhi. The function [...]

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Amendment in the Role and Functions of Non-Official Directors of Central Public Sector Enterprises

Amendment in the Role and Functions of Non-Official Directors of Central Public Sector Enterprises

INDIACSR News Network NEW DELHI: The Department of Public Enterprises, Ministry of Heavy Industries & Public Enterprises, has amended the provisions regarding the role and functions of non-official Directors appointed to the Boards of Central Public Sector Enterprises (CPSEs). Through a recent Office Memorandum, the Department has amended the para 8 of the Model Role [...]

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SEBI Urges IRDA to Instruct Insurers to Help Improve Corporate Governance Standard

SEBI Urges IRDA to Instruct Insurers to Help Improve Corporate Governance Standard

MUMBAI:  It has reported that capital markets regulator, SEBI, is urging its counterpart in the insurance sector to encourage insurers to become more vocal on issues of corporate governance. Insurance companies hold significant stakes in listed Indian entities, with LIC, the largest, alone managing assets over Rs 13 lakh crore. “The Securities and Exchange Board [...]

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