PC Jeweller stock jumps 11 per cent as Co settles case with Sebi
Business | November 06, 2019 12:58 ISTThe company paid Rs 19,12,500 towards full and final settlement of the alleged default, according to an order on Tuesday.
The company paid Rs 19,12,500 towards full and final settlement of the alleged default, according to an order on Tuesday.
The circular mentions about the requirements to be fulfilled by entities registered with the UIDAI as KYC User Agency (KUA) as well as for sub-KUA.
Accordingly, the market regulator has decided that "listed banks shall make disclosures of divergences and provisioning beyond specified threshold, as mentioned in aforesaid RBI notifications, as soon as reasonably possible and not later than 24 hours upon receipt of the Reserve Bank's Final Risk Assessment Report (RAR), rather than waiting to publish them as part of annual financial statements".
Markets regulator Sebi on Wednesday levied a total fine of Rs 40 lakh on eight entities for executing fraudulent trades in illiquid stock options on the BSE.
Capital markets regulator Sebi has levied a total penalty of over Rs 22 lakh on three entities for indulging in fraudulent trading in the illiquid stock options segment on the BSE.
Markets regulator Sebi has begun its probe into alleged non-disclosure of price-sensitive information by Infosys' management and also corporate governance lapses in the wake of serious allegations levelled by a whistleblower, while it is also examining possible insider trading in the company's securities.
Capital markets regulator Sebi has fined four firms a total amount of Rs 20.4 lakh for carrying out fraudulent trading in the illiquid stock options segment of the BSE.
In the wake of a number of resignations in listed companies off late, the Securities and Exchange Board of India (Sebi) on Friday floated stricter disclosure norms for resignation of auditors.
Markets regulator Sebi on Wednesday said applications filed by investors of PACL for claims up to Rs 5,000 are currently being processed for making refunds. In February, the markets watchdog asked investors of PACL to submit their refund applications to the panel headed by retired Justice R M Lodha till April 30.
The Madras High Court has issued notices to the Serious Fraud Investigation Office (SFIO) and the Financial Intelligence Unit (FIU). The High Court has directed the noticees to respond on November 11.
Sebi, during an investigation between May-June 2011, noted that Coromandel, after a meeting with the representatives of Sabero Organics, informed the bourses about the acquisition of the latter by it.
Markets regulator Sebi plans to rope in an agency to identify and classify security holes in its entire information technology infrastructure and suggest measures to mitigate such risks.
The move is aimed at helping the rating agencies better understand the rated entity's financial strength and incorporate the impact of these details in their ratings.
Under this approach, all traded securities would be valued on the basis of traded yields, subject to identification of outlier trades by the valuation agencies.Besides, the regulator has come out with a framework relating to valuation of inter-scheme transfers and barred the use of own trades for valuation.
The promoters facing penalty are Bhavik Bhimjyani, Rashmi Bhimjyani, Rekha Bhimjyani, Rashmi C. Bhimjyani HUF, N H Popat and R T Agro Pvt Ltd.
Along with Gautam Thapar, Executive Director Madhav Acharya, V.R. Venkatesh, and non-excutive Director B. Hariharan were also named in the order.
Capital markets regulator Sebi on Thursday levied a total fine of Rs 12 lakh on ICICI Bank Ltd and its compliance officer Sandeep Batra for disclosure lapses, including delayed disclosure of binding agreement signed with Bank of Rajasthan.
Markets regulator Sebi is working on a mobile app for e-voting by retail investors of listed companies to facilitate greater participation in management proposals, especially those related to corporate governance.
Continuing its efforts to bolster supervision and identify non-compliance, regulator Sebi plans to deploy data analytics and new generation technologies to deal with various challenges in the market.
IRCTC has filed draft papers in Sebi for its initial public offering (IPO). The government aims to raise Rs 600 crore through IRCTC IPO.
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