Trustees of CIG Realty Fund move SAT against Sebi order
9 months, 3 weeks ago

Trustees of CIG Realty Fund move SAT against Sebi order

Live Mint  

Mumbai: The Trustees of CIG Realty Fund on Tuesday moved the Securities Appellate Tribunal challenging an order by the Securities and Exchange Board of India in December that barred them from accessing the capital markets. These complaints pertained to three schemes – CIG Realty Fund Type I, II, and IV. The complaints pertained to various issues including the extension of scheme tenures, non-liquidation of schemes, non-receipt of invested funds, fraudulent activities, and underperformance of the CIG Realty Funds. It was discovered that nearly 80% of the corpus from CIG Realty Type IV funds was invested by Unitech Advisors in associate firms, violating Sebi's venture capital fund regulations.

Order Realty Fund Sebi Trustees Cig Cig Realty Cig Realty Fund  schemes  fund  complaints  funds  sebi  realty  order  regulations  trustees  cig

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SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case
1 month, 4 weeks ago

SC dismisses Sebi’s ₹25 crore penalty plea against Mukesh Ambani in RPL share manipulation case

Live Mint  

The Supreme Court on Monday dismissed a plea by the Securities and Exchange Board of India to impose a ₹25 crore penalty on Mukesh Ambani, chairman and managing director of Reliance Industries Ltd, over alleged share manipulation involving Reliance Petroleum Ltd in November 2007. A two-judge bench of Justices J.B. Pardiwala and R. Mahadevan agreed to hear Sebi's broader case …

Eros International moves SAT against Sebi’s order in fund diversion matter
6 months, 1 week ago

Eros International moves SAT against Sebi’s order in fund diversion matter

Live Mint  

Mumbai: Media company Eros International, along with its key executive officials, on Friday moved the Securities Appellate Tribunal against the Securities and Exchange Board of India’s October 2023 restraint order in an alleged fund diversion matter. The market regulator in its order had restrained vice chairman Sunil Lulla from holding the position of a director or a key managerial personnel …

Madras HC issues notice to SEBI, MCA, ED in NSE co-location case
5 years, 2 months ago

Madras HC issues notice to SEBI, MCA, ED in NSE co-location case

India TV News  

The Madras High Court has admitted a Public Interest Litigation filed by the Chennai Financial Markets and Accountability in the National Stock Exchange co-location case and issued notices to the SEBI, the Ministry of Corporate Affairs, the CBI, Enforcement Directorate and the NSE. The order copy dated September 27 also said that the PIL brought to the knowledge of the …

CG Power scam: SEBI bars Gautam Thapar from stock markets
5 years, 3 months ago

CG Power scam: SEBI bars Gautam Thapar from stock markets

India TV News  

Days after the revelation of fraud at CG Power, market regulator Sebi on Tuesday restrained the company's former Chairman Gautam Thapar and some other board members from accessing the securities market and ordered the appointment of an independent auditor for conducting a detailed forensic audit from 2015-16 onwards. The Security and Exchange Board of India said that in "order to …

Sebi issued 47 warning letters to mutual fund houses in 2018-19
5 years, 5 months ago

Sebi issued 47 warning letters to mutual fund houses in 2018-19

India TV News  

Sebi issued 47 warning letters to mutual fund houses in the last financial year, and the watchdog in consultation with the central government is examining various issues related to mutual funds on a continuous basis. In a written reply to the Lok Sabha, Union minister Anurag Thakur said that Sebi, in its regulatory oversight, has noticed various irregularities with respect …

IL&FS Securities Services moves SAT against Sebi order on Allied Financial
5 years, 8 months ago

IL&FS Securities Services moves SAT against Sebi order on Allied Financial

India TV News  

IL&FS Securities Services Wednesday moved the Securities Appellate Tribunal to direct markets regulator Sebi to annul certain transactions carried out by Allied Financial Services. In February, Sebi had barred Allied Financial and others for misappropriating client securities and a host of other violations. Appearing for IL&FS Securities counsel Gaurav Joshi said there were fraudulent mutual fund transfers carried out by …

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