You are browsing entries tagged with “Securities and Exchange Board of India”
Astha Green Energy Asked to Refund Rs 44 Crore to Investors

Astha Green Energy Asked to Refund Rs 44 Crore to Investors

NEW DELHI : New Delhi: Capital markets regulator Sebi on Friday directed Astha Green Energy Ventures India and its directors to refund Rs 43.77 crore to investors along with an interest of 15 per cent. According to an order by Securities and Exchange Board of India (Sebi), the company allegedly violated provisions of the Companies […]

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Supreme Court: Sebi has Authority Over GDRs

Supreme Court: Sebi has Authority Over GDRs

IndiaCSR News Network NEW DELHI: The Supreme Court has ruled that market regulator Securities and Exchange Board of India (Sebi) has the power to probe Global Depository Receipts (GDRs) sold by Indian companies, backed by local shares, to foreign investors and listed on overseas exchanges. A bench comprising justices F.M.I. Kalifulla and S.K. Singh favoured […]

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SEBI Plans Fresh System of IPO

SEBI Plans Fresh System of IPO

IndiaCSR News Network NEW DELHI: In a new wave of reforms, markets regulator SEBI is set to herald an e-IPO system to allow investors to bid online in the public offers, while the new-age startups will get a separate platform to raise funds and list their shares with an easier set of regulations. The proposed […]

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SEBI Cleared 17 IPOs so Far This Year

SEBI Cleared 17 IPOs so Far This Year

IndiaCSR News Network NEW DELHI: SEBI has in the past one week approved initial public offerings or IPOs of three companies that have plans to raise at least Rs 1,000 crore for business expansion and working capital requirements. With this, the number of firms receiving markets regulator Sebi’s green signal since the beginning of the […]

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SEBI Bars Susk India and Cemendia For Raising Money

SEBI Bars Susk India and Cemendia For Raising Money

The Market regulator barred Susk India for raising public money. Susk india’s Collective investment Schmes’ raised money without registering and informing Sebi. The regulator has also barred Cemendia from mobilizing money from public by issuance of securities. The regulator found that Cemendia raised the money through issuance of secured Non Convertible Redeemable Debentures, violating sebi norms. IndiaCSR News Network […]

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Realty firm DLF, Executives Barred from Market for 3 years

Realty firm DLF, Executives Barred from Market for 3 years

MUMBAI: Stock market regulator Sebi cracked down Monday on India’s biggest realty company DLF by barring six top executives, including promoter-chairman KP Singh, from accessing the securities market for three years, choking its options to raise fresh funds. The move, linked to disclosure lapses in 2007 when DLF went public and listed on exchanges, is […]

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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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Govt Agencies SEBI, MCA, DFS, SFIO, ITD to Takes Action Against Alleged Illegal Raising of Funds by Saradha Chit Fund Scam

Govt Agencies SEBI, MCA, DFS, SFIO, ITD to Takes Action Against Alleged Illegal Raising of Funds by Saradha Chit Fund Scam

INDIACSR News Network NEW DELHI: Media reports in the past few days have highlighted concerns regarding alleged illegal raising of deposits, especially in rural and semi-urban areas, in Eastern India and duping of the gullible public. Promoters of such companies are allegedly siphoning the monies collected and are using a sales network comprising local persons […]

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Mamata Banerjee Announces Rs. 500 Crore Relief for Chit-Fund Victims

Mamata Banerjee Announces Rs. 500 Crore Relief for Chit-Fund Victims

KOLKATA: With the Trinamool Congress (TMC) Government in West Bengal drawing sharp criticism from the opposition parties over the alleged fraud by collapsed chit fund company Saradha Group, Chief Minister Mamata Banerjee has announced Rs. 5,00 crore relief for the victims. “Some people trying to defame me and my government. Action be taken against TMC […]

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What West Bengal’s Chit Fund Scam is All About

What West Bengal’s Chit Fund Scam is All About

The depositors, mostly poor people in villages and small towns, had put their hard-earned money with the company’s chit funds lured by the promise of high interest rates. KOLKATA: The Saradha Group chit fund scam that left scores bereft of their savings, has Mamata Banerjee’s Trinamool Congress in a tizzy with the chief minister putting […]

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