The market watchdog is jointly working with the Insolvency & Bankruptcy Board to address the issue and the new guidelines will be issued this year itself, SEBI Chairman Ajay Tyagi said here today.
Speaking during his poll campaign tour of Gujarat, he claimed that the share market regulator has termed Rupani "beimaan" (dishonest) and imposed fine on him.
The disclosures about the firms and those associated with them or their promoters would be looked into for any irregularities including about corporate governance and disclosure norms, officials said.
According to SEBI, the issue of scheme classification was taken up at the Mutual Fund Advisory Committee (MFAC).
The bankruptcy law was enacted to ensure time-bound settlement of insolvency and enable ease of doing business as the bad loans in the banking system has touched the roof.
Post-demonetisation drive, the government has claimed to deregister and shuttered more than 1.75 lakh shell companies.
Appearing for Sahara chief Subrata Roy, senior advocate Kapil Sibal had on Wednesday sought to push back the publication of the sale notice and also asked for more time to review Sahara's payment plan
The development comes a day after the market regulator directed the two major indices -- National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) -- through a letter to initiate action against the suspected firms
The watchdog set up a 21-member committee under the chairmanship of veteran banker Uday Kotak to suggest ways to further improve corporate governance standards of listed companies.
Traders suspect that the technical glitch in the NSE was due to a spike in derivative trading volumes as investors unwound their Participatory Notes positions.
The NSE faced technical glitch in early session on Monday and stopped trading in cash and F&O (futures and options) segments.
Following directions from the Supreme Court for the sale of certain Sahara assets to recover money, SEBI has appointed SBI Capital Markets (SBI Caps) and HDFC Realty for auctioning various land parcels held by Sahara group.
Rallying 211 points, the flagship Sensex today hit an all-time high of 31,494, lapping up a series of market-friendly measures taken by the Securities and Exchange Board of India
The SEBI decision comes against the backdrop of the government and Reserve Bank of India stepping up efforts to tackle the menace of bad loans, amounting to Rs 6 lakh crore.
Sources said that Narain stepped down as Vice Chairman to ensure that SEBI is able to take appropriate steps in the co- location case in a fair manner.
P-Notes are mostly used by overseas individual investors, hedge funds and foreign institutions to invest in the Indian securities markets through registered foreign portfolio investors (FPIs).
In a bid to strengthen the commodity derivatives market, SEBI had last year allowed options trading in exchanges.
Sebi today banned Reliance Industries and 12 others from equity derivatives trading for one year and directed the Mukesh Ambani-led firm to disgorge nearly Rs 1,000 crore for "unlawful gains" made through alleged fraudulent trading
The Securities and Exchange Board of India (SEBI), the country’s apex market regulator, will seek a response from Infosys on several issues raised by a whistleblower in the company in a recent letter, a media report said today.
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